Loan Against Natio
TARGET GROUP
Residents of Ernakulam District.
PURPOSE
Various purpose
LOAN AMOUNT LIMIT
2 LAKH
RATE OF INTEREST
12.00%
REPAYMENT PERIOD
6 YEARS and the period shall not be extended beyond the maturity period of the certificate
ELIGIBILITY
National Saving Certificate holders
GUARANTEE
National Saving Certificate
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
Continuing security letter
Take delivery letter
Letter addressed to the post office authorizing the bank to collect interest payable on NSCs ,in form 87
Letter of pledge of national saving certificate in form no 41
FORECLOSURE FEE
Not applicable to this loan
Ordinary Loan Soci
TARGET GROUP
All Societies affiliated to our Bank.
PURPOSE
Education, Marriage, Medical Treatment, House Repair, Painting, (Purpose approved by the Byelaw of society)
LOAN AMOUNT LIMIT
Based on the IMBP & Reserve Borrowing Power of the Society
RATE OF INTEREST
12%
REPAYMENT PERIOD
60 Months / 1year to 5 yearly installments.
ELIGIBILITY
On the basis of Financial position & Reserve Borrowing Power of the society
GUARANTEE
On personal & property security (According to the Byelaw of the society)
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
1.Prescribed Application Form
2. Committee Resolution
3.”B Statement” regarding the details of Security offered / Personal Sureties.
4. Copy of Audited Balance Sheet & Latest B/ S, Trading A/C, P & L a/c etc.
5. Copy of Bye Law, Copy of defects pointed out in the Audit Report and measures taken for rectification.
6. Certificates regarding the negative Lien on their fixed Assets.
7. Certificate regarding the Non-Membership in other Credit Co.op Societies.
Gold Loan
TARGET GROUP
Residents of Ernakulam District.
PURPOSE
For personal
LOAN AMOUNT LIMIT
Up to 25 lakh
RATE OF INTEREST
Upto 6 Months
Upto 3 lakh @ 11.00 %
Above 3 lakh @ 11.00 %
Above 6 Months
Upto 3 lakh @ 11.00%
Above 3 lakh @ 11.00%
REPAYMENT PERIOD
Up to 6 months loan - 6 Months
Abouve 6 Months - 12 Months
ELIGIBILITY
Loanee must have the ownership or the right to pledge the gold ornaments
GUARANTEE
Gold ornaments
UPFRONT FEE
Not applicable to this loan
INTEREST REBATE
Not applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Introducer's statement
Election I D card or ration card for address proof
FORECLOSURE FEE
Gold Agriculture L
TARGET GROUP
Residents of Ernakulam District.
PURPOSE
Agricultural purposes
LOAN AMOUNT LIMIT
5 LAKH
RATE OF INTEREST
10.50%
REPAYMENT PERIOD
12 MONTHS
ELIGIBILITY
Agriculture Operations
GUARANTEE
Personal:
Gold ornaments
UPFRONT FEE
Not applicable to this loan
INTEREST REBATE
Not applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Introducer's statement
Election I D card or ration card for address proof
Tax receipt of the land
Survey number , area of the land and the description of crops should be listed
FORECLOSURE FEE