House Loan Societi

TARGET GROUP
All Societies affiliated to our Bank.
PURPOSE
House construction /purchase
LOAN AMOUNT LIMIT
Based on  the IMBP of the Society . Max. – Rs.5 lakhs
RATE OF INTEREST
12.5%
REPAYMENT PERIOD
174 months
ELIGIBILITY
1)    Audit classification should be A or B
2)    % of overdues to demand should not exceed 40% and that of House construction Loan should not exceed 15 %
3)    80 % of Estimate
GUARANTEE
On personal & property security (According to Byelaw of the society)
MORATORIUM
6 months
DOCUMENTS TO BE SUBMITTED
1.Prescribed Application Form
2. Committee Resolution.
3 Copy of Audited Balance Sheet & Latest B/ S, Trading A/C, P & L a/c etc.
4. Copy of Bye Law, Copy of defects pointed out in the Audit Report and measures taken for rectification.
5. Certificates regarding the negative Lien on their fixed Assets.
6. Certificate regarding the Non-Membership in other Credit Co.opve Societies.
7 DHL – 3 Form.
8.Plan & Estimate Approved not below the Rank of Asst .Engineer should be obtained
9 .Approval order from concerned Corporation / Municipality / Panchayath.

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

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

Download Application Form

OL Marriage Societ

TARGET GROUP
All Societies affiliated to our Bank.
PURPOSE
Marriage
LOAN AMOUNT LIMIT
Sanctioned according to the IMBP & Reserve Borrowing Power of the Society
RATE OF INTEREST
12.5 %
REPAYMENT PERIOD
60 Months.
ELIGIBILITY
On the basis of Financial position & Reserve Borrowing Power of the society
GUARANTEE
On personal & property security (According to the Bye-law of the society)
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
1.Prescribed Application Form
2. Committee Resolution
3.”B Statement” regarding the details of Security offered / Personal Sureties.
4. Copy of Audited Balance Sheet & Latest B/ S,Trading A/C, P & L a/c etc.
5. Copy of Bye Law,Copy of defects pointed out in the Audit Report and measures taken for rectification.
6. Certificates regarding the negative Lien on their fixed Assets.
7. Certificate regarding the Non-Membership in other Credit Co.opve Societies.
8. Marriage Certificate from the concerned Samudayam or Secretary
of the Society.
For Reimbursement- Disbursement Statement shall be obtained.

Download Application Form

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