Loan against Pigmy Deposit Account (Secured/Unsecured)

The product suitably designed for the small traders & persons does not have the Habit of the banking channel and  does  not  have any  security to mortgaged to the bank for theBorrowing the money from bank to do the Small business/any service/trading activity etc.

Documents Required:- 

• Loan form
• Photograph of Borrower & Guarantors
• Aadhar Card/PAN Card Xerox
• 2 Guarantors    
• Document is shop act license Xerox and financials of borrowers & guarantors
• The borrower should be opened the “Pigmy Deposit Collection ”account in the bank before making application for the loan.
• In case of secured pigmy loan-Documents of security title, security title & search report from bank approved  advocate & valuer.  
• Linking shares @ 2.50% of loan.
• Loan Repayment :- By monthly EMI directly deduction by Standing Instruction mandate given by the borrower from the pigmy deposit account .
• Interest Rate - Click Here