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

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

Download Application Form

Medical Practition

TARGET GROUP

Qualified medical practitioners age between 25 to 65yrs

PURPOSE
providing finance to Medical practitioners for setting up of clinic, expansion/Modernization/renovation of existing clinic, X-ray lab, pathological lab , purchasing medical equipments ,computers etc.

 LOAN AMOUNT LIMIT

Rs.40,00,000/-

TYPE OF LOAN

Composite Type ( Term loan +Working Capital OD @ 10 % of the total loan amount )

 RATE OF INTEREST

 12% P.a + 3 % penal

Loan  PERIOD
100 Months – EMI

ELIGIBILITY

Individuals or partnership firms are eligible.

Promoters should be having minimum qualification MBBS, BDs,BAHMS,BPT or  equivalent qualification. Borrower should be registered with respective council.

Upto 70% of the Project Repot

Repayment Process

Through operative account

GUARANTEE

Property for 200% of the loan amount and Gehan should be created in the name of Bank

MARGIN

30% to be deposited for project loan

20% to be deposited for purchasing machinery and land

INTEREST REBATE
Applicable to this loan

Upto 12 months according to the project

DOCUMENTS TO BE SUBMITTED

Project report of the proposed business
Introducer's statement
Election I D card or ration card for address proof

Salary certificate of the guarantors in the prescribed form

Equitable mortgage agreement

Original deed and Prior deed

All other norms of project loan  is applicable to this loan also

Download Application Form

EDCB SMART 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
Purchase of Smart Phone/Tablet/Notebook/Laptop.

LOAN AMOUNT LIMIT

Rs 10000 to 50000

RATE OF INTEREST

 11% P.a + 3 % penal

Loan  PERIOD
12 Months to 36 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

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