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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

Download Application Form

Property Purchase

TARGET GROUP
Residents of Ernakulam District. 
PURPOSE
Purchasing flat, land ,house, shops
LOAN AMOUNT LIMIT
100 LAKH 40 LAKHS
RATE OF INTEREST
Upto 3 lakh    13%
above 3 lakh 13%
REPAYMENT PERIOD
10 YEARS
ELIGIBILITY
Residing in Ernakulam district
Applicant must have property in Ernakulam district      
Applicant must not have direct liabilities with the bank
Applicant must have sufficient repayment capacity
Eligible amount is 60% of the valuation of purchase property in case of loan applications up to Rs.25 lakhs and 50% of valuation of purchase property for above Rs.25 lakhs. In case of other properties as security, eligible amount will be 70% of valuation of security property or 90% of valuation of purchase property whichever is less.
GUARANTEE
Equitable mortgage of purchasing house or land
Employee surety and surety with land tax receipt
UPFRONT FEE
Not applicable to this loan
INTEREST REBATE
Not applicable to this loan
MORATORIUM
12 months
DOCUMENTS TO BE SUBMITTED
Income proof and certificate
Salary Certificate of the Applicant & Guarantors in the prescribed form
Primary deed, Prior deed and other relevant revenue records.
Original purchase agreement.
Newly registered document after registration.
Surety with LTR for loans up to Rs.5 lakhs.
FORECLOSURE  FEE
Service charge @ 1%  plus service tax before closing within 2 years

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

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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