Inspired by the thoughts and work of Chhatrapati Rajarshi Shahu Maharaj, Bhausaheb Shelke, who was working in a specific field like the teaching profession, changed his direction after retirement.
Read MoreSalary Loan
Rajashri Shahu Multistate Bank
Salary Loan
The Salary Deposit Scheme is a financial deposit program launched by the Rajashri Shahu Multistate Bank. Daily deposits of as little as five rupees can be made into an account by having a bank representative pick up the cash at the account holder’s door. For the benefit of the client’s day-to-day activities & business growth, loans secured by Salary deposits are made available. Up to three times the balance in the Pigmy Deposit account can be borrowed. Loans range from Rs. 10,000 to a maximum of Rs. 2,000. Our first loan is limited to Rs. 30,000 maximum. Additionally, there is a pigmy repayment method (Daily Basis). It really aids in our client’s ability to repay loans on time and do so without difficulty.
A shopkeeper has a daily investment of 100, 200, or more on that basis we do Pigmy loans. There are slabs in pigmy loans like if someone is paying some specific amount then they will get 1 Lakh rupees. When the account holder starts their daily investment then their withdrawal of money will start after 3 months. After 3 months the account holder will the loan. The interest on the Salary loan is 18% without a mortgage.
Required Document
- Aadhaar Card Xerox
- Voting Card Xerox
- PAN Card Xerox
- Light Bill Xerox
- Ration Card Xerox
- Photo 4
- Three months salary slip
- Guarantee
- Bank Passbook Xerox (Nationalized Bank)
- 4 checks
- Verify signature
- Bank statement for six months
- 100 Rs.Three stamps
- Form no. – 16
Guarantor 2
- Aadhaar Card Xerox
- Voting Card Xerox
- PAN Card Xerox
- Light Bill Xerox
- Ration Card Xerox
- Photo 4
- Pay slip 3 monthsk One Guarantor (Bank Passbook
- Xerox 4 Checks 100 Rupees 1 Stamp Signature Verify)
Note :- Borrower and both guarantors must have membership and income proofs of the organization
10% reduction in loan amount
Interest Rate :- 15 %
Rate of interest on arrears :- 2 %
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