BIKE LOAN

BIKE is available at our branch. It is possible to get a loan of Rs 5000 to Rs 50000 depending on the trusted person. Verification of the loan will be done by the concerned branch officer after application. The Branch Officer will inquire as to whether the account holder is able to repay the trust and their status. The loan is approved after the branch officer confirms that the borrower is in all respects suitable for the loan. The loan document must be completed upon completion of the loan document. The loan guarantee will be fully approved upon acceptance of the full liability.

BIKE Loan Terms:

The amount should be repayed regularly every month. Once the installment is stopped, the installment will be pined at the rate of Rs.100 to Rs.5. Yoda branch officer who does not repay for 2/3 months in a row will have to come and recover. However, the unsecured Yoda will be responsible for the bail and will be fully responsible for the consequences. The account holder is required to repay the entire loan amount unsecured. According to Yodala's document, which does not even guarantee bail, any amount less than the loan will be forfeited legally. For this, neither the borrower nor the guarantor has to plead guilty to the offense.

BIKE Loan Interest:

Our Surya Farmers Mutual Aided Thrift Credit and Marketing Co-operative Society Limited branch offers a bike loan with a very low interest rate of 24%. Bike loan is offered at the lowest interest rate of all branches. We want the account holder to take advantage of this.