Welcome to The Saurashtra Co-Operative Bank Ltd. |
“આપણી બેંક સૌરાષ્ટ્ર બેંક”

Consumer Durable Loan

Consumer durables loan is available up to Rs: 1 lac for purchase of T.V., Refrigerator, Furniture, Computer, Musical System, A.C. etc.

Applicant details

  • Copy of income tax return.
  • Passport size photographs
  • Bank statement of last two years.
  • Copy of PAN card.
  • Last Tax bill.
  • Address proof -Electric bill/ telephone bill (any one)
  • PhotProof- Voter card / Driving license (any one)

Guarantor details

  • Passport size photographs
  • Last tax bill
  • Last income tax return copy
  • Address proof – electric bill /telephone bill (any one) As per KYC norms
  • Photo proof – Pan card / Voter card / Driving license (Any one) As per KYC norms


  • Applicant has to provide two guarantors.
  • Loan is to be repaid along with interest within 24 equal monthly installments.
  • The goods/items purchased are to be hypothecated with the bank.
  • Applicant has to submit quotation for the item to be purchased, bank will keep margin of 30% Margin amount is required tbe deposited with the bank.
  • Bank will make direct payment to the dealer.
  • Applicant has to give 13 cheques in advance for payment of installments.
  • Applicant has to take share @ 5.00% of the limit.