Post Office Loan Yojana: Nowadays everyone needs a loan. Middle class families can’t have a large amount of money available at once. In such a situation, these people resort to loans. If you are also considering taking a loan, we have brought you important information today. Today’s news is related to the Post Office Loan Yojana. Yes, today we will tell you how to get a post office loan, the application process, what documents are required, etc.
A post office bank account should be available to avail of the scheme
Post Office provides loan facility on Fixed Deposit (FD) or Recurring Deposit (RD) made by us. If you also have an account with Post Office Bank then you can avail of this facility. To avail of the benefits of this scheme, you must have a post office bank account along with an FD or EPF account.
No collateral must be given.
Post Office Bank does not pledge any kind of collateral or any document related to property for this loan. Post office bank gives you loans based on your FD or EPF. If you also want to apply for the loan scheme of Post Office Bank, then here we are telling you the complete process through which you can apply and avail the benefits of the scheme.
Documents required to avail the benefit of the scheme
To fill out the Post Office Loan Yojana form you should have the following documents:-
- Aadhaar Card/PAN Card/Voter ID Card or Driving License
- Passbook of Post Office Bank Savings Account, Passbook of your FD or EPF Account,
- Your colored passport-size photograph
- Mobile No
Eligibility required to avail the benefit of the scheme
If you also want to take a loan from Post Office Bank, then let us tell you that your account with Post Office Bank is very important. Additionally, Post Office Bank provides loans against your FD or EPF. In such a case you should have an FD or EPF account along with a post office bank account. At the time of application, your age should be 21 years or above and your mobile number should be attached to your Aadhaar card and documents.
How to apply for post office loan scheme
You can apply for the Post Office Loan Scheme by following the steps mentioned below:-
- To take a loan from Post Office Bank, first of all, you have to go to the post office where your bank account is.
- From here you have to take a loan application form for FD or EPF.
- Now all the information asked in this application form has to be entered.
- After this, the photocopies of the necessary documents have to be attached to this application form.
- Last, this application form has to be submitted to the post office bank officer or office employee.
- Your eligibility and documents will be checked by bank officials.
- If you are found eligible, your loan will be approved and the loan amount will be transferred to your bank account.
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