What's New

BHAVANA SREE LOAN

TARGET GROUP
New Customers , Existing house loan customers making prompt re payment

PURPOSE
For Interior decoration of house, fixing solar power systems, construction of compound wall, land scape, rainwater harvesting, tress work etc

 LOAN AMOUNT LIMIT

Upto Rs. 10,00,000/-

 RATE OF INTEREST

 Upto Rs. 5,00,000/-  - 12% P.a + 3 % penal

 Above Rs. 5,00,000/- 13% P. a + 3 % Penal

Loan  PERIOD
Max 100 months EMI

ELIGIBILITY

Based on valuation of property and repaying capacity

GUARANTEE

Property security

One personal surety

Repayment Process

Through operative account
MARGIN Not applicable to this loan

INTEREST REBATE
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

Salary certificate of the Employee , Employment certificate from the Employer.

Download Application Form

Ordinary Loan ( Lo

TARGET GROUP
Residents of Ernakulam District. Owing  commercial building rentered to government , corporate  ,co operative institution
PURPOSE
For repairing or further construction
LOAN AMOUNT LIMIT
Up to 10 lakh
RATE OF INTEREST
Up to 1 lakh @ 12.00%
1,00,000 to 2 lakh @12.00%
2,00,001 to 5 lakh @ 12.00 %
Above Rs.5 lakhs @ 13.50%
REPAYMENT PERIOD
60 months Before the ending period of lease agreement
GUARANTEE
Property for 150% of the loan amount
Irrevocable power of attorney from the leaser  to the bank
MARGIN
500/-
INTEREST REBATE
Applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Irrevocable power of attorney,
Primary deed and prior deed.
FORECLOSURE  FEE
Nil

Download Application Form

Overdraft to Emplo

TARGET GROUP
Employees of ,Schools, Hospitals, Factories,other Business Institutions etc .residing at  Ernakulam district
PURPOSE
Various purpose
LOAN AMOUNT LIMIT
Up to 2 lakh
RATE OF INTEREST
Up to 1 lakh @ 11
1 lakh to 2 lakh @ 12
REPAYMENT PERIOD
Up to 5 years
ELIGIBILITY
The  age of the borrower should not exceed 50 years
Salary of sureties should not exceed 25 % of Total salary.
GUARANTEE
1)Up to Rs.1 Lakh :- 2 Employed sureties not belonging to the same institution .
2)Up to Rs.2 Lakh :- 3 Employed sureties not belonging to the same institution.
MARGIN
10% of the loan amount
INTEREST REBATE
Applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
1)Declaration from the Head of the Department agreeing to recover the Overdraft amount , Interest and other charges from his/her retirement benefits
FORECLOSURE  FEE

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

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