BHAVANA SREE LOAN

TARGET GROUP
New Customers , Existing house loan customers making prompt re payment

PURPOSE
For Interior decoration of house, fixing solar power systems, construction of compound wall, land scape, rainwater harvesting, tress work etc

 LOAN AMOUNT LIMIT

Upto Rs. 10,00,000/-

 RATE OF INTEREST

 Upto Rs. 5,00,000/-  - 12% P.a + 3 % penal

 Above Rs. 5,00,000/- 13% P. a + 3 % Penal

Loan  PERIOD
Max 100 months EMI

ELIGIBILITY

Based on valuation of property and repaying capacity

GUARANTEE

Property security

One personal surety

Repayment Process

Through operative account
MARGIN Not applicable to this loan

INTEREST REBATE
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

Salary certificate of the Employee , Employment certificate from the Employer.

Download Application Form

OL Marriage Societ

TARGET GROUP
All Societies affiliated to our Bank.
PURPOSE
Marriage
LOAN AMOUNT LIMIT
Sanctioned according to the IMBP & Reserve Borrowing Power of the Society
RATE OF INTEREST
12.5 %
REPAYMENT PERIOD
60 Months.
ELIGIBILITY
On the basis of Financial position & Reserve Borrowing Power of the society
GUARANTEE
On personal & property security (According to the Bye-law of the society)
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
1.Prescribed Application Form
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.opve Societies.
8. Marriage Certificate from the concerned Samudayam or Secretary
of the Society.
For Reimbursement- Disbursement Statement shall be obtained.

Download Application Form

House Loan For Soc

TARGET GROUP
Society employees residing in Ernakulam district
PURPOSE
For building house
LOAN AMOUNT LIMIT
Up to 5 lakh
RATE OF INTEREST
Up to 1 lakh @ 11%
1 lakh to 2 lakh@ 12%
2 lakh to 5 lakh@ 13%
5 lakhs to 10 lakhs @14%
REPAYMENT PERIOD
15 years
ELIGIBILITY
Residing in Ernakulam district
Applicant must have sufficient repayment capacity
Applicant or spouse should not have house in their name in Ernakulam district
Property should be  in the name of applicant and free from liabilities
Applicant should not have direct liabilities with the bank
GUARANTEE
Equitable mortgage on Property and house
UPFRONT FEE
30% of the loan amount
INTEREST REBATE
Not applicable to this loan
MORATORIUM
12 months
DOCUMENTS TO BE SUBMITTED
Plan and estimate of house
NOC certificate for construction from local bodies
Salary certificate in prescribed form
Salary recovery agreement
Possession and non attachment certificate
location sketch and land tax bill
property deed
FORECLOSURE  FEE

Download Application Form

Integrated Village

TARGET GROUP
District/Block/Grama  Panchayat
PURPOSE
Infrastructural development at Panchayat level
LOAN AMOUNT LIMIT
Depends upon the project
RATE OF INTEREST
Depends upon the project
REPAYMENT PERIOD
Depends upon the project
ELIGIBILITY
District/Block/Gramma Panchayat
GUARANTEE
Property of the proposed project and additional property if needed.
UPFRONT FEE
10% of the loan amount
INTEREST REBATE
Not applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Project
Resolution of the concerned  District/Block/Gramma Panchayat  committe

Download Application Form

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