Consumer Loan Soci

TARGET GROUP
All Societies affiliated to our Bank
PURPOSE
 Purchase of consumer articles
LOAN AMOUNT LIMIT
Based on the IMBP & Reserve Borrowing Power of the Society
RATE OF INTEREST
12.5%
REPAYMENT PERIOD
58 months (according to the provision in the byelaw)
ELIGIBILITY
On the basis of Financial position & Reserve Borrowing Power of the society
90 % of Estimate
GUARANTEE
 According .to Byelaw of the society
UPFRONT FEE
10 % of Invoice.
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
1.Prescribed Application Form (Same forms are used for OL,OLM,OLE & HL)
2. Committee Resolution
3.”B Statement” regarding the details of Security offered / Personal Sureties.
4. Copy of Audited Balance Sheet & Latest B/ S, Trading A/C, P & L a/c etc.
5. Copy of Bye Law, Copy of defects pointed out in the Audit Report and measures taken for rectification.
6. Certificates regarding the negative Lien on their fixed Assets.
7. Certificate regarding the Non-Membership in other Credit Co.op Societies.
8. Enclosure Cons/ Socs- I Statement.

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  ,is a member of the society
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

Kanaka sree gold C

TARGET GROUP
Residents of Ernakulam District. 
 
PURPOSE
Various purpose 

LOAN AMOUNT LIMIT
Minimum Rs. 10,000/- , Maximum Rs. 25  Lakh

RATE OF INTEREST
9.50%

Loan  PERIOD
12 Months

ELIGIBILITY
Loanee must have the ownership or the right to pledge the gold ornaments.

GUARANTEE
Gold ornaments

Other facilities
Rupay Card/ Cheque book facility available

DOCUMENTS TO BE SUBMITTED
Introducer's statement
Election I D card or ration card for address proof
Repayment Process
Through operative account

Margin
Not applicable to this loan

INTEREST REBATE
Applicable to this loan 

MORATORIUM
Not applicable to this loan

Download Application Form

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

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