Varachha Co-Op Bank Personal Loan

Varachha Co-Op Bank star star star star star 3.75 / 5.04 users

Varachha Co-Operative Bank Ltd offers loans to its customer to help in fulfilling the financial requirements like other banks in India. Customer can use the loan amount to meet number of expenses.

Loanbaba.com provides all the information about Varachha Co-Op Bank Personal Loan.

Below is some reason for which one takes loan:-

  • For medical treatment of the family members or oneself.
  • For educational expenses.
  • Social ceremonies of family members.
  • For renovating or repairing applicant’s house.

Below is given the Eligibility criteria for Personal Loan from Varachha Co Operative Bank Ltd:

In order to apply for the personal loan from the said bank one has to meet below mentioned criteria:-

Individual has to have current or saving account with the bank along with that he or she should be member of the bank.

Below are given some of the Features of Varachha Co Operative Bank Ltd Personal Loan:

  • Applicant can get maximum loan amount till 5 lakh but at the same time it is also depends on the repaying ability of the individual.
  • Individual get maximum of Sixty month of time to pay back the loan amount.
  • Bank requires two guarantors in order to give loan to the customer. Guarantor should own their house.
  • In case the applicant is an employee then he or she should provide the authority letter of salary deduction.
  • In order to avail the loan applicant should hold at least 2.50% of the loan amount in the form of shares in bank.

Below are the benefits of Varachha Co Operative Bank Ltd Personal Loan:

  • Repayment period is flexible
  • Customer service team is dedicated to customers.
  • Prepayment charges are NIL
  • Processing fee is low
  • Application procedure is easy
  • Less documentation

Interest Rate of Personal Loan from Varachha Co Operative Bank Ltd:

Bank charges interest rate of 14% per year on personal loan.

From 01 July, 2017 on all banking products and services a GST rate of 18% is applicable.

Varachha Co-Op Bank Personal Loan Review


Personal Loan
star star star star star 12.0/5
Personal loan by Varachha Co-Op Bank was perfect, but the turnaround time is something they can work upon.
Mumbai September 17, 2018
Personal Loan
star star star star star 15.0/5
I had applied my personal loan in Mumbai at Varachha Co-Op Bank. I was in dire need of funds and fortunately got the loan amount soon.
Mumbai September 17, 2018
Personal Loan
star star star star star 15.0/5
Taking personal loan in Gujrat by Varachha Co-Op Bank through online portal of loanbaba was after all not a bad idea. This way I could communicate with the Kotak Mahindra without having to come over to their branch. All by documentation was sorted and I got the loan in decent time.
Mumbai September 15, 2018
Personal Loan
star star star star star 13.0/5
The Varachha Co-Op Bank has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.
Mumbai September 14, 2018

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