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
Professional Educa
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TARGET GROUP
Residents of
Ernakulam District. Students residing at Ernakulam district
doing professional courses from the recognized universities of India
/ abroad
PURPOSE
For studying Engineering, Medical
courses, (M.B.B.S.,B.D.S.,B.A.M.S.,B.H.M.S.,B.SC Nursing) ,M B A ,M C
A , M S , M D , M D S , M S W ,.
LOAN AMOUNT LIMIT
Up to
25lakh
RATE OF INTEREST
Up to 25 lakh @ 12%
REPAYMENT
PERIOD
Only interest up to the completion of studies. For a
period of 100 months or Course period whichever is less,
monthly interest shall be paid. After that period principal
shall be repaid in 100 equal Monthly installments along with
interest.
ELIGIBILITY
SALARIED PERSON: Basic pay not
less than Rs. 3000/-; total deduction not exceed 50 % of
gross salary.
FOR OTHERS: Sufficient personal or
family income.
GUARANTEE
Upto Rs.2 lakh:-
1 Employed
surety having monthly salary not below Rs.5000/- & surety ship of
parents
or
If Father / mother is an employee, outside employed surety is
not necessary.
or
1 employed surety if only Father / Mother is an employee.
In
case of collateral security
Security property with a valuation of
170% of applied amount.
A surety with Land Tax Receipt shall be
given for the loan applications up to Rs.5
lakhs.
MARGIN
Rs.500/-
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
Admission
certificate from the educational institution.
20 cheque leaves of
commercial bank
For studying aboard the passport, air ticket, visa
.should be submitted.
In case of collateral security
Primary
deed, Prior deed and other relevant revenue records in the case of
property security.
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Short Term Loan Th
TARGET GROUP
Residents of Ernakulam District.
PURPOSE
As per the decision of the co-op society
LOAN AMOUNT LIMIT
Fixed by the society according to the bye-laws
RATE OF INTEREST
As per the decision of the executive committee of the Bank from time to time
REPAYMENT PERIOD
12 Months
ELIGIBILITY
Members of the co-op society
GUARANTEE
UPFRONT FEE
Not applicable to this loan
INTEREST REBATE
Not applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
FORECLOSURE FEE
Not applicable to this loan
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