Need funds urgently for a medical emergency, home repair, education, or family event? Galaxy Multistate Co-operative Society, Phaltan offers personal loans with minimal documentation, and quick disbursal.
| Guarantors Required | Two (2) guarantors are mandatory for all loan files |
|---|---|
| Loan Holder Documents | 2 Photos, Aadhaar, PAN, Light Bill, Shop Rent Agreement, Shop Act Licence / 3-month Salary Slip, 5 Bank Cheques, 6-month Bank Statement |
| Guarantor Documents | 2 Photos, Aadhaar, PAN, Light Bill, Shop Act Licence / 3-month Salary Slip, 2 Bank Cheques, 3-month Bank Statement |
Quick disbursal — funds when you need them most
No collateral needed — no long approval process
Cover fees or exam costs with easy EMI repayment
Wedding, celebrations — flexible repayment post-event
Consolidate smaller debts into one manageable EMI
Visit Galaxy Multistate Co-operative Society, Phaltan branch.
State your loan requirement and purpose.
Submit Aadhaar card, PAN card, and 1 passport-size photograph.
Loan approved — quick local assessment.
Funds disbursed to your savings account.
Galaxy Multistate Co-operative Society's Personal Loan is built for members across Phaltan, Lonand, Dahivadi, and the Akluj corridor who need funds for a purpose that doesn't fit neatly into a business or salary-linked loan: a medical emergency, a home repair, a child's education fee, or a family event. Unlike the Gold Loan, no collateral is pledged; instead, the loan relies on guarantor backing and standard KYC documentation.
Two guarantors are required for every Personal Loan file, consistent with Galaxy Multistate's community-backed lending approach across its unsecured loan products. This structure allows members without extensive credit history or formal income proof to still access funds, provided they can offer trusted guarantors from within the community.
Members already holding a Savings Account with Galaxy Multistate find the process more straightforward, since disbursal is made directly to the existing account and EMI repayment can be tracked through the same passbook or mobile banking access.