Personal Loan Term Loan Facility


Personal loans can be used for plenty of purposes! Whether you need funds for wedding for yourself or somebody special in the family, for a medical emergency in your family or to repair, refurnish & upgrade your home to a dream home. Irrespective of what your personal financial goals are, Kalyan Janata Sahakari Bank’s personal loan offers you the perfect solution.

Purpose & Eligibility

  • Purpose:

    To meet all types of personal need Including :

    • Marriage of self, son / daughter or any other religious ceremonies
    • Medical treatment of self or a family member
    • Purchasing consumer goods / home appliances / electronic goods
    • Repair / renovation of residence
    • Repayment of old debts
    • Any legitimate purpose acceptable to the Bank.
  • Eligibility :

    While determining the quantum of advance - eligible amount would be restricted as under :


      Salaried Individuals :

    • Min age of the applicant: 22 years
    • Max age of the applicant (At loan Maturity): 70 yrs or retirement age, whichever is earlier (subject to submission of proof for continuity of income)

      Non Salaried Individuals :

    • Min age of the applicant: 25 years
    • Max age of the applicant (At loan Maturity): 65 yrs or retirement age, whichever is earlier (subject to submission of proof for continuity of income)

Quantum & Tenure

  • Quantum :
    • Minimum : ₹ 25,000/ -
    • Maximum : ₹ 5,00,000/ -
  • Tenure :
    • 3 Years : For loan up to ₹ 1,00,000/ -
    • 5 Years : For loan above ₹ 5,00,000/ -


  • Basic Documents :
    • In case of new customer, applicant & guarantors need to open savings / current account
    • Duly signed loan agreement
    • Details of existing on-going loan availed from banks / financial institution
    • Copy of Bank deposits / Life Insurance Policies / Other Investments (if any)
  • KYC documentation
    • Proof of identity
    • Address proof of applicant
    • 3 Passport sized photographs
  • Application Form
    • Duly filled & signed loan application form
  • Bank Statement
    • Bank statement for last one year
  • For Salaried individuals :
    • Last 3 months’ – salary slips
    • Form 16 or Income Tax Return
  • If an applicant Is a self-employed individuals :
    • Income tax returns of last 3 years, 26 AS from traces
    • Financial statements including balance sheet, profit & loss account and computation of income for last 3 years
    • Licenses / permissions from competent authorities

    • In case of marriage / religious ceremonies : invitation card & estimate of expenses
    • In case of medical treatment : estimate of medical expenses & medical bills thereafter
    • For purchasing consumer goods / home appliances / electronic goods: Pro-forma invoice / quotation
    • For repair / renovation of residence :
      • Self-declaration for the purpose and documentary proof of Ownership of House / Flat etc.,
      • Estimate of repairs and renovation expenses
    • For repayment of old debts / loans : Declaration from money borrowed /any other documentary proof

ROI & Important Terms

  • ROI :
    • Please click here to know about latest ROI & Service Charges.

    • Applicant has to be a regular shareholder of the bank. The guarantors have to be either a regular member (shareholder) or a nominal member (in case of loan amount up to ₹ one lakh) of bank.
    • Standing Instruction (SI) Request / ECS or NACH instructions / Post Dated Cheques (PDC) to be submitted to the bank as per requirement.
    • For consumer durables, pay-order will be issued in favor of the dealer after disbursement. Stamped receipt received from dealer to be submitted to bank.
    • Collateral Securities, if stipulated, to be submitted before disbursement. In case of assignment of LIC policies, original policies to be deposited and assignment formalities to be completed before disbursement.
    • To purchase consumer durables, bank offers maximum ₹ one lakh to nominal members.
    • Before disbursement, applicant has to provide margin money and necessary amount to meet all the expenses (as mentioned above & as per service charges). Adequate amount for the purpose is to be deposited in the bank account in advance.