Additional House L
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TARGET
GROUP
Residents
of Ernakulam District. BENEFICIARY OF HOUSE LOAN
PURPOSE
Repair or extension of existing house
building
LOAN
AMOUNT LIMIT
40
lakh including existing loan limit
RATE
OF INTEREST
Up
to 1 lakh @ 12%
1 lakh to 2 lakh @12%
2 lakh to 5
lakh @12.5%
5 lakh to 10 lakh @ 12.5%
Above 10
lakh @ 12.5%
REPAYMENT
PERIOD
15
YEARS
ELIGIBILITY
Residing in Ernakulam district
3 years must be completed after receiving the last installment of
the first loan
Remittance of the first loan installments
shall be prompt
GUARANTEE
Equitable mortgage for land and house
registered to the bank
Employee surety
If
employee, the repayment shall be made before retirement ,should
submit salary recovery
statement in the prescribed form ,recovery should not go beyond
50% of the total
salary If not employee the repayment should be made before
attaining 60 years
UPFRONT
FEE
10% of the
loan amount
INTEREST
REBATE
Not
applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS
TO BE SUBMITTED
Income
proof
Salary Certificate of the Applicant & Guarantors
in the prescribed form
Equitable mortgage certificate for
land and house registered to the bank
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Professional Educa
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TARGET GROUP
Residents of
Ernakulam District. Students residing at Ernakulam district
doing professional courses from the recognized universities of India
/ abroad
PURPOSE
For studying Engineering, Medical
courses, (M.B.B.S.,B.D.S.,B.A.M.S.,B.H.M.S.,B.SC Nursing) ,M B A ,M C
A , M S , M D , M D S , M S W ,.
LOAN AMOUNT LIMIT
Up to
25lakh
RATE OF INTEREST
Up to 25 lakh @ 12%
REPAYMENT
PERIOD
Only interest up to the completion of studies. For a
period of 100 months or Course period whichever is less,
monthly interest shall be paid. After that period principal
shall be repaid in 100 equal Monthly installments along with
interest.
ELIGIBILITY
SALARIED PERSON: Basic pay not
less than Rs. 3000/-; total deduction not exceed 50 % of
gross salary.
FOR OTHERS: Sufficient personal or
family income.
GUARANTEE
Upto Rs.2 lakh:-
1 Employed
surety having monthly salary not below Rs.5000/- & surety ship of
parents
or
If Father / mother is an employee, outside employed surety is
not necessary.
or
1 employed surety if only Father / Mother is an employee.
In
case of collateral security
Security property with a valuation of
170% of applied amount.
A surety with Land Tax Receipt shall be
given for the loan applications up to Rs.5
lakhs.
MARGIN
Rs.500/-
INTEREST REBATE
Applicable
to this loan
MORATORIUM
Not applicable to this
loan
DOCUMENTS TO BE SUBMITTED
Salary Certificate of the
Applicant & Guarantors in the prescribed form
Admission
certificate from the educational institution.
20 cheque leaves of
commercial bank
For studying aboard the passport, air ticket, visa
.should be submitted.
In case of collateral security
Primary
deed, Prior deed and other relevant revenue records in the case of
property security.
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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
Gold Loan (Over dr
TARGET GROUP
Residents of Ernakulam District.
PURPOSE
For personal
LOAN AMOUNT LIMIT
Upto 10 Lakh
RATE OF INTEREST
Up to 1 lakh @ 12.00%
1,00,001/- to 3 lakh @ 12%
3,00,001/- to 5 lakh @ 12.00%
Above 5 lakh @ 12%
REPAYMENT PERIOD
3 years
ELIGIBILITY
SALARIED PERSON: Basic pay not less than Rs. 3000/-; total deduction not exceed 50 % of gross salary.
FOR OTHERS: Sufficient personal or family income.
The applicant does not have any direct or indirect liability with the Bank. (as loanee or surety)
GUARANTEE
Gold ornaments
Personal
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
Address proof document
FORECLOSURE FEE