What's New

Scheme For Purchas

TARGET GROUP
Residents of Ernakulam District. 
PURPOSE
Business, Contract Business, Trade, Professional
LOAN AMOUNT LIMIT
Up to 5 lakh
RATE OF INTEREST
13.50%
REPAYMENT PERIOD
1 year
ELIGIBILITY
The borrower and sureties shall be natives of Eranakulam  District
Must not have  credit facilities with other Banks
GUARANTEE
Property security
UPFRONT FEE
Not applicable to this loan
INTEREST REBATE
Not applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Demand promissory note
Security delivery letter
Agreement for bills purchased and discounted
Delivery letter for purchase of cheque
FORECLOSURE  FEE

Download Application Form

Gold Loan( Suvarna

TARGET GROUP
Residents of Ernakulam District.  
PURPOSE
Various purpose 
LOAN AMOUNT LIMIT
Maximum Rs. 25  Lakh
RATE OF INTEREST
7% for 1 month and 11% for the rest
Loan  PERIOD
6Months
ELIGIBILITY
Loanee must have the ownership or the right to pledge the gold ornaments.
GUARANTEE
Gold ornaments
DOCUMENTS TO BE SUBMITTED
Introducer's statement
Election I D card or ration card for address proof
Repayment Process
Through operative account
Margin
Not applicable to this loan
INTEREST REBATE
Applicable to this loan 
MORATORIUM
Not applicable to this loan

Download Application Form

EDCB EASY LOAN

TARGET GROUP

Employees of the Aided School, Aided College, Cochin Shipyard, Primary

Agricultural CS, Employees CS and Ernakulam District oriented government/semi government institutions [non transferable jobs]

PURPOSE
for purchasing consumer articles

 LOAN AMOUNT LIMIT

Rs. 10000/-  to 1,00,000/-

 RATE OF INTEREST

 12% P.a + 3 % penal

Loan  PERIOD
36 Months to 96 Months – EMI

ELIGIBILITY

Up to 10 times of the monthly net salary

 

Surety –  1. Salary certificate of the Loanee

                2. Employment certificate from Employer

Repayment Process

Through operative account
MARGIN
Not applicable to this loan

INTEREST REBATE
Applicable to this loan on maturity. No rebate on pre-closure loan

MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Introducer's statement
Election I D card or ration card for address proof

Salary certificate of the Employee , Employment certificate from the Employer.

Download Application Form

Sadhujana Punarudh

TARGET GROUP
Church, temple, Mosque, Madam, NSS SNDP,social groups
PURPOSE
For financially backward people for there livelihood
LOAN AMOUNT LIMIT
Up to 10000 rupees for each
RATE OF INTEREST
10.00%
REPAYMENT PERIOD
100 months
ELIGIBILITY
Members in the social institutions
GUARANTEE
Two personal surety  from the same group
UPFRONT FEE
Not applicable to this loan
INTEREST REBATE
Not applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Copy of the committee Resolution taken by the social  institution  for applying loan from the bank
Address and identity  proof of  the authorized  committee  members
List of the beneficiary under the scheme and identity proof and passport size photo 
FORECLOSURE  FEE

Download Application Form

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