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Gold Loan( Suvarna

TARGET GROUP

Residents of Ernakulam District.

PURPOSE

Various purpose

LOAN AMOUNT LIMIT

Maximum Rs. 25 Lakh

RATE OF INTEREST

7% for 1 month and 11% for the rest

Loan PERIOD

6Months

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 Process

Through operative account

Margin

Not applicable to this loan

INTEREST REBATE

Applicable to this loan

MORATORIUM

Not applicable to this loan

Download Application Form

Ordinary Loan( Hom

TARGET GROUP
Residents of Ernakulam District.
PURPOSE
Purchase of home appliance including computer and lap top
LOAN AMOUNT LIMIT
Upto 1 Lakh
RATE OF INTEREST
13.00%
REPAYMENT PERIOD
60 Months for home appliances and 36 months for computer and laptop
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
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.
If Applicant is not an Employee :-
1)Upto Rs.50,000/-:- 1 Employed surety & LTR of applicant
2)Rs.50,001 to Rs.1,00,000/-: 2 Employed surety & LTR of applicant
Consumer articles shall be hypothecated to Bank
Margin
20% of the applied amount.
INTEREST REBATE
Applicable to this loan (Subject to condition)
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Income proof
Salary Certificate of the Applicant & Guarantors in the prescribed form.
Photocopy of Ration card of applicant & Identity card of Guarantors

Download Application Form

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.

Download Application Form

Project Loan

TARGET GROUP
Residents of Ernakulam District.
PURPOSE
To start commercial business for individuals and for institutions , and to develop business
LOAN AMOUNT LIMIT
70% of the Project cost
RATE OF INTEREST
Up to 3 lakh @ 13%
Above 3 lakh @ 13%
REPAYMENT PERIOD
From 7 years to 14 years according to the project
ELIGIBILITY
Capable to repay the loan amount
GUARANTEE
Property for 170% of the loan amount
Employment surety
MARGIN
30% to be deposited for project loan
20%to be deposited for purchasing machinery and land
INTEREST REBATE
Applicable to this loan
MORATORIUM
Upto 12 months according to the project
DOCUMENTS TO BE SUBMITTED
The project report of the proposed business
Salary Certificate of the Guarantors in the prescribed form
Equitable mortgage agreement
Original deed and prior deed
FORECLOSURE FEE
1% of loan amount.