Surety Loan
Surety Loan is a convenient financial facility offered to eligible members to meet their personal and urgent financial requirements. This loan is granted against the guarantee of a reliable surety, without the need for property mortgage, making the process simple and faster. It is suitable for meeting expenses related to medical needs, education, family requirements or other lawful purposes. The bank provides this loan with easy documentation, quick processing and flexible repayment options, ensuring that customers can avail financial support whenever required.
Purpose
To meet personal, medical, educational, family or other genuine financial requirements.
Eligibility
Available to salaried employees, self-employed persons and individuals having regular income with acceptable surety. They must be our bank members or SUCB share holders.
Loan Amount
Loan amount will be sanctioned as per bank norms based on repayment capacity and surety strength..
Maximum Period
Enjoy flexible repayment options with a maximum loan tenure of up to 6 months (180 Days), allowing you to manage repayments comfortably.
Interest Rate
14.00% per annum.
Note: “The sanctioned loan amount and interest rate are subject to terms and conditions.”
