Agricultural Gold
TARGET GROUP
Residents of Ernakulam District.
PURPOSE
Agricultural purposes
LOAN AMOUNT LIMIT
3 LAKH
RATE OF INTEREST
7.00%
REPAYMENT PERIOD
12 MONTHS
ELIGIBILITY
Applicant should own at least 10 cents
GUARANTEE
Personal:
Gold ornaments
Original LTR of 10 cents of landed property
UPFRONT FEE
Not applicable to this loan
INTEREST REBATE
Not 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
Tax receipt of the land
Survey number , area of the land and the description of crops should be listed
FORECLOSURE FEE
Ordinary Loan (Sma
TARGET GROUP
Traders Residing at Ernakulam District.
PURPOSE
To develop the business.
LOAN AMOUNT LIMIT
Up to 10 lakh
RATE OF INTEREST
With Property Security :
Up to 1 lakh @ 12.00%
Above 1 lakh @ 13.50
Without Property Security
Up to Rs.1 lakhs @ 15 %
REPAYMENT PERIOD
60 months.
ELIGIBILITY
Trader who had license from local bodies for trading.
Sufficient personal or family income.
GUARANTEE
Loan for Rs 10000 to 50000 Two Traders as sureties and Loan for Rs 1 lakh and above Two
Traders as sureties
Photocopy of Title deed, of applicant & Sureties
Original LTR,License from Corporation of Cochin.
Rent Agreement / BTR.
VAT/ ST Registration certificate , Encumbrance Certificate for Loan amount above Rs.1 Lakh.
Photocopy of Ration card / Identity card of Applicant & Sureties.
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 up to Rs.5 lakhs.
3 to 6 of above documents.
Cheque leaf 6 nos.
Margin
Rs 500/-
INTEREST REBATE
Applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
The certificate for trading in shop from local bodies
The stock statement of the shop
In case of collateral security
Primary deed, Prior deed and other relevant revenue records in the case of property security along with above documents.
FORECLOSURE FEE
Nil.
Smart Space Loan
TARGET GROUP
residing in Ernakulam district
PURPOSE
To own house, flat, shops, rooms in Ernakulam district
LOAN AMOUNT LIMIT
Up to 50 lakh
RATE OF INTEREST
Up to 5 lakh @ 13.50%
Above 5 lakh @13.50%
REPAYMENT PERIOD
15 years
ELIGIBILITY
Applicant must have sufficient repayment capacity
GUARANTEE
Employee surety
Equitable mortgage of the purchasing property
UPFRONT FEE
Up to 10 lakhs 40% Above 10 lakhs 50%
INTEREST REBATE
Not applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Revenue records and tax receipt and property deed
Agreement from the applicant in prescribed form
FORECLOSURE FEE
Service charge @ 1% plus service tax before closing within 2 years
Professional Educa
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.