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 E-SCHOOL LOAN

TARGET GROUP

parents of the School students in the range from 8th standard to 12th standard
PURPOSE

Purchase of Tablet and Cycles

 LOAN AMOUNT LIMIT

Rs 3000 to 10000/-

RATE OF INTEREST
10.5% p.a + 3 % penal

Loan  PERIOD
12 Months to 36 Months – EMI

ELIGIBILITY

Surety- Parent LTR Receipt should be produced

Repayment Process

Through operative account in the name of Student & Parent

 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

Land Tax receipt of Parent

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

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

Download Application Form

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