Medical Practition

TARGET GROUP

Qualified medical practitioners age between 25 to 65yrs

PURPOSE
providing finance to Medical practitioners for setting up of clinic, expansion/Modernization/renovation of existing clinic, X-ray lab, pathological lab , purchasing medical equipments ,computers etc.

 LOAN AMOUNT LIMIT

Rs.40,00,000/-

TYPE OF LOAN

Composite Type ( Term loan +Working Capital OD @ 10 % of the total loan amount )

 RATE OF INTEREST

 12% P.a + 3 % penal

Loan  PERIOD
100 Months – EMI

ELIGIBILITY

Individuals or partnership firms are eligible.

Promoters should be having minimum qualification MBBS, BDs,BAHMS,BPT or  equivalent qualification. Borrower should be registered with respective council.

Upto 70% of the Project Repot

Repayment Process

Through operative account

GUARANTEE

Property for 200% of the loan amount and Gehan should be created in the name of Bank

MARGIN

30% to be deposited for project loan

20% to be deposited for purchasing machinery and land

INTEREST REBATE
Applicable to this loan

Upto 12 months according to the project

DOCUMENTS TO BE SUBMITTED

Project report of the proposed business
Introducer's statement
Election I D card or ration card for address proof

Salary certificate of the guarantors in the prescribed form

Equitable mortgage agreement

Original deed and Prior deed

All other norms of project loan  is applicable to this loan also

Download Application Form

Rural Tourism Sche

TARGET GROUP
Church, temple, Mosque, Madam, NSS SNDP, Social groups
PURPOSE
For building tourist homes restaurants, purchasing tourist boat and for home stay
LOAN AMOUNT LIMIT
Up to Rs. 25 lakh for  building tourist homes restaurants, and for  purchasing tourist boat up to Rs.10 lakhs
RATE OF INTEREST
Depends upon the project
REPAYMENT PERIOD
10 years for  building tourist homes restaurants, and 60 months for  purchasing tourist boat
ELIGIBILITY
Members in the social institutions
GUARANTEE
Property for 170% of the loan amount
Property deed of the constructing project in case of tourist homes restaurant
Hypothication  of  boat in case of purchasing boat
UPFRONT FEE
5% of loan amount should be deposited
INTEREST REBATE
Not applicable to this loan
MORATORIUM
6 months for  building tourist homes restaurants and for purchasing tourist boat
DOCUMENTS TO BE SUBMITTED
Certificate for working   of tourist homes restaurant from authorities
FORECLOSURE  FEE

Download Application Form

Ordinary Loan (Pur

TARGET GROUP
Residents of Ernakulam District .
PURPOSE
Purchase of solar equipments.
LOAN AMOUNT LIMIT
Up to 2lakh
RATE OF INTEREST
Upto Rs.1 lakh @12%
Rs.1,00,001 to Rs.2 Lakh @ 13%
REPAYMENT PERIOD
60 Months
ELIGIBILITY
Sufficient personal or family income.
80% of Estimate / Invoice
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.
3)Rs.1,00,001 to Rs.2 lakh 2 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
3) Rs.1,00,001 to Rs.2 lakh :- 3 Employed Surety & LTR of Applicant.
OR
Property having valuation of 170% of  the loan amount
MARGIN
20% of the invoice value
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
Invoice of the equipment purchased
In case of collateral security
Primary deed, Prior deed and other relevant revenue records with income proof and invoice.
FORECLOSURE  FEE
Nil

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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