What's New

EDCB E-SCHOOL LOAN

TARGET GROUP

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

Mangalya Soothra L

TARGET GROUP
Residents of Ernakulam District.
PURPOSE
Marriage for financially backward women and livelihood for families(Karshika loan)
LOAN AMOUNT LIMIT
25000 rupees
RATE OF INTEREST
5.00%
REPAYMENT PERIOD
For marriage 3 years and 6 months for karshika loan
ELIGIBILITY
Financially back ward parents
GUARANTEE
Employee salary surety not less than 5000 as salary
property for 170% of the loan amount
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
Tax receipt of the land
Survey number , area of the land and the description of crops should be listed
FORECLOSURE FEE

Download Application Form

Ordinary Loan (med

TARGET GROUP
Residents of Ernakulam District.
PURPOSE
For further treatment referred by the doctors
LOAN AMOUNT LIMIT
Up to 1lakh
RATE OF INTEREST
Not applicable for this loan.
Defaulters will be charged interest at the rate of 6 % p.a on balance outstanding.
Addl .Interest rate of 3 % p.a is charged on overdue installments.
REPAYMENT PERIOD
100 Months
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
If applicant is an Employee:
1) Upto Rs.50000/- :-Employment Certificate of applicant.
2) Rs.50, 001 to Rs.1, 00,000/- :- 1 Employed surety.
If Applicant is not an Employee :-
1)Upto Rs.50000/- :- 1Employed surety & LTR of applicant
2) Rs.50,001 to Rs.1,00,000/- :- 2 Employed surety & LTR of applicant
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
Not applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Salary Certificate of the Applicant & Guarantors in the prescribed form
Certificate from the doctor about the disease
Ration card of the patient.
Original Medical Bills should be submitted
( Loan should be applied within 3 months from hospitalization )