House Loan Societi

TARGET GROUP
All Societies affiliated to our Bank.
PURPOSE
House construction /purchase
LOAN AMOUNT LIMIT
Based on  the IMBP of the Society . Max. – Rs.5 lakhs
RATE OF INTEREST
12.5%
REPAYMENT PERIOD
174 months
ELIGIBILITY
1)    Audit classification should be A or B
2)    % of overdues to demand should not exceed 40% and that of House construction Loan should not exceed 15 %
3)    80 % of Estimate
GUARANTEE
On personal & property security (According to Byelaw of the society)
MORATORIUM
6 months
DOCUMENTS TO BE SUBMITTED
1.Prescribed Application Form
2. Committee Resolution.
3 Copy of Audited Balance Sheet & Latest B/ S, Trading A/C, P & L a/c etc.
4. Copy of Bye Law, Copy of defects pointed out in the Audit Report and measures taken for rectification.
5. Certificates regarding the negative Lien on their fixed Assets.
6. Certificate regarding the Non-Membership in other Credit Co.opve Societies.
7 DHL – 3 Form.
8.Plan & Estimate Approved not below the Rank of Asst .Engineer should be obtained
9 .Approval order from concerned Corporation / Municipality / Panchayath.

Download Application Form

Loan Against Kissa

TARGET GROUP
Residents of Ernakulam District.
PURPOSE
Various purpose
LOAN AMOUNT LIMIT
1 lakh subject to 70% of the face value of kisan vikas pathra (whichever is lower)
RATE OF INTEREST
12.00%
REPAYMENT PERIOD
Maximum six years and the period shall not be extended beyond the maturity period of the certificate
ELIGIBILITY
Kisan vikas pathra certificate holders
GUARANTEE
Kisan vikas pathra  discharged by the depositor
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

Download Application Form

EDCB OKAY LOAN

TARGET GROUP
Employees of reputed Hospital/Private Institution, Private Schools /Self Financing College with permanent affiliation  
PURPOSE
maintenance of house, marriage, painting ,   purchase consumer articles etc
LOAN AMOUNT LIMIT
Maximum Rs 2  Lakh
RATE OF INTEREST
12%
Loan  PERIOD
36 Months to 60 Months – Non EMI (loan period to be fixed before 6 months of retirement from service)
ELIGIBILITY
Applicant and Sureties must be the Residents of Ernakulam District.  
On the security of Under taking of the employer and salary certificate
Total deduction from salry not exceed 50 % of    gross   salary.
 Applicant and sureties must not have direct liabilities with the bank
Surety conditions –
a.Own salary certificate ,Upto  20 times of the monthly net salary.
b.Surety of one salaried person of same institution having 20 times of   net   salary or One Govt. Employee 
c. One LTR Surety
d. One Surety from Family
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 and Sureties in the prescribed format
Under taking of the employer , Declaration

Download Application Form

Gold Loan( Athulya

TARGET GROUP
Residents of Ernakulam District.  
PURPOSE
Various purpose 
LOAN AMOUNT LIMIT
Maximum Rs. 25  Lakh
RATE OF INTEREST
9.00%
Loan  PERIOD
3 Months
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 Proces
Through operative account
Margin
Not applicable to this loan
INTEREST REBATE
Applicable to this loan 
MORATORIUM
Not applicable to this loan

Download Application Form

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