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  • Janakalyan Sahakari Bank Business Loan

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  • Established in 1974, the Janakalyan Sahakari Bank Ltd aims to provide personalised services, highest standards of service and social commitment. The Janakalyan Sahakari Bank has grown steadily over the past 40 years to become one of the top co-operative banks based on business mix in Maharashtra. The Janakalyan Sahakari Bank received the scheduled bank status in 1998. The Bank has around 55,000 shareholders and 3,60,000 depositors.

    Purpose of Janakalyan Sahakari Bank Business loans

    Janakalyan Sahakari Bank Business loans is offered for the following purposes:

    1. Project Finance
    2. Term loan against commercial property/factory/galas
    3. Cash credit requirements
    4. Term loan for purchase of machinery, plant, furniture and fixtures
    5. Overdraft for working capital requirements
    6. Inland Guarantee (non-fund based credit) for private/nationalized banks
    7. Foreign/Inland letter of credit
    8. Bill discounting

    Eligibility criteria for Janakalyan Sahakari Bank Business loans

    The following can avail of the Janakalyan Sahakari Bank Business loans:

    • Individuals
    • Proprietary firm
    • Private Ltd companies
    • Public Ltd companies
    • Registered Partnership Firm
    • LLP

    Features and benefits of Janakalyan Sahakari Bank Business loans

    The following are the features and benefits of Janakalyan Sahakari Bank Business loans.

    • Loan Amount: Customers can meet their working capital requirements after proper assessment as per the cash budget methodology. The Janakalyan Sahakari Bank offers term loans with a minimum of 25% margin
    • Security: Immovable assets/FDR should be provided as collateral security. Book debts, stocks, machinery fixtures and furniture can be hypothecated. Factory/gala/flat premises can be mortgaged
    • Repayment period: Term loans can be extended up to 9 years. For working capital, the limit may be reviewed on a yearly basis

    Documents required for Janakalyan Sahakari Bank Business loans

    • Filled-in loan application form
    • Profit and loss statement/balance sheet for the last 3 years
    • Proof of identity (KYC documents of entity and individuals)
    • Address proof
    • Passport-size photographs.
    • Property documents
    • Income details
    • Bank statements of six months
    • Net worth forms
    • Any other document requested by the bank

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