TARGET GROUP
Employees of the
Aided School, Aided College, Cochin Shipyard, Primary Agricultural CS,
Employees CS and Ernakulam District oriented government/semi government
institutions [non transferable jobs]
PURPOSE
Purchase of Smart
Phone/Tablet/Notebook/Laptop.
LOAN AMOUNT LIMIT
Rs 10000 to 50000
RATE OF INTEREST
11%
P.a + 3 % penal
Loan
PERIOD
12 Months to 36 Months – EMI
ELIGIBILITY
Up to 10 times of the monthly net salary
Surety – 1. Salary certificate of
the Loanee
2. Employment
certificate from Employer
Repayment Process
Through operative account
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
Salary certificate of the
Employee , Employment certificate from the Employer.