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Whats New

  • RBI grants Authorised Dealer – category II for retail forex license to Apna bank
  • BSI certifies Apna Bank with the upgraded ISO 27001:2013 cerification for information Security
Surety Loan

Purpose To support your financial requirement for House / office Renovation , education, marriage, repayment of outside loan, medical expenses etc.
Who can Avail this Loan Any account holder who is a Salaried employee / Businessman / Professional with repaying capacity
Loan Features

Maximum Limit : Rs.5 Lakhs

Repayment Period : Maximum 60 to 84 equated monthly instalments

Eligibility: a. 1 year operation in account
b. Minimum 5 years service

Repayment Capacity : 1/4th take home salary after deduction of loan instalment

Collateral Security :

a. L.I.C
b. N.S.C
c. Kisan Vikas Patra
d. Fixed Deposit. Recurring Dep.

Rate of Interest 16%
Documents required
  • Duly filled Loan form
  • Account Statement / Passbook for verification
  • Other Bank account statement if any
  • One Photograph of Borrower & Guarantors
  • Income proof for last three years if businessman / current 3 months payslips if salary earner, form no 16 of last year
  • Ration card of borrower and Guarantors
  • Aadhar card of borrower and Guarantors
  • Electricity Bill of borrower and Guarantors (point 6,7,8 bring originals for verification)
  • Nominal membership – Borrower and guarantor
  • NOC letter from House/ office owner (If loan availed for House/office repairs)
  • Quotation for House/ office repairs-renovation
  • Service Charges 0.50% for Loan upto 1 lakh
  • Service Charges 1.0% for loan above 1lakhs
  • Shares of Rs.1000/-each for borrower and guarantors
  • Franking – Maximum Rs.400/-
  • Visit Charges – Rs.100/-
Positive Points
  • No Pre-payment charges
  • Fixed rate of Interest
  • Daily reducing balance
  • Repayment in addition to fixed instalment can be made without any charges