What's New

Project Loan

TARGET GROUP
Residents of Ernakulam District.
PURPOSE
To start commercial business for individuals and for institutions , and to develop business
LOAN AMOUNT LIMIT
70% of the Project cost
RATE OF INTEREST
Up to 3 lakh @ 13%
Above 3 lakh @ 13%
REPAYMENT PERIOD
From 7 years to 14 years according to the project
ELIGIBILITY
Capable to repay the loan amount
GUARANTEE
Property for 170% of the loan amount
Employment surety
MARGIN
30% to be deposited for project loan
20%to be deposited for purchasing machinery and land
INTEREST REBATE
Applicable to this loan
MORATORIUM
Upto 12 months according to the project
DOCUMENTS TO BE SUBMITTED
The project report of the proposed business
Salary Certificate of the Guarantors in the prescribed form
Equitable mortgage agreement
Original deed and prior deed
FORECLOSURE FEE
1% of loan amount.

Download Application Form

Small Scale Indust

TARGET GROUP
Residing in Ernakulam district
PURPOSE
Business , Studies and employment in abroad ,Tourism projects.
LOAN AMOUNT LIMIT
Up to 10 lakh
RATE OF INTEREST
Up to 1 lakh @ 12%
1 lakh to 2 lakh @13%
2 lakh to 5 lakh @ 14%
Above 5 lakh @15%
REPAYMENT PERIOD
100 months
ELIGIBILITY
The age of the borrower should not exceed 50 years
GUARANTEE
Property worth Rs 170% of the loan amount
One personal security with land tax receipt .
MARGIN
10% of the loan amount
INTEREST REBATE
Not applicable to this loan
MORATORIUM
Applicable to this loan
DOCUMENTS TO BE SUBMITTED
Property deed
FORECLOSURE FEE

Download Application Form

BHAVANA SREE LOAN

TARGET GROUP
New Customers , Existing house loan customers making prompt re payment

PURPOSE
For Interior decoration of house, fixing solar power systems, construction of compound wall, land scape, rainwater harvesting, tress work etc

LOAN AMOUNT LIMIT

Upto Rs. 10,00,000/-

RATE OF INTEREST

Upto Rs. 5,00,000/- - 12% P.a + 3 % penal

Above Rs. 5,00,000/- 13% P. a + 3 % Penal

Loan PERIOD
Max 100 months EMI

ELIGIBILITY

Based on valuation of property and repaying capacity

GUARANTEE

Property security

One personal surety

Repayment Process

Through operative account
MARGIN Not applicable to this loan

INTEREST REBATE
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

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

Download Application Form

House Loan (Purcha

TARGET GROUP
Residents of Ernakulam District.
PURPOSE
For purchasing house ,flat ,and property
LOAN AMOUNT LIMIT
Up to 40 lakhs 30/- LAKHS
RATE OF INTEREST
13.5% 12.5%
REPAYMENT PERIOD
180 Months
ELIGIBILITY
ufficient personal or family income.
The applicant does not have any direct or indirect liability with the Bank. (as loanee or surety)
Eligible amount is 60% of the valuation of purchase property in case of loan applications up to Rs.25 lakhs and 50% of valuation of purchase property for above Rs.25 lakhs. In case of other properties as security, eligible amount will be 70% of valuation of security property or 90% of valuation of purchase property whichever is less.
GUARANTEE
Equitable mortgage of purchasing house or land
Employee surety and surety
Property equal to loan amount
MARGIN
INTEREST REBATE
Applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Income proof
Primary deed, Prior deed and other relevant revenue records.
Purchase Agreement in original.
Newly registered document should be submitted on registration
FORECLOSURE FEE
1% of the loan amount.