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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

Margin Money Loan

TARGET GROUP
Residents of Ernakulam District. 
PURPOSE
Purchase of Self Employment Equipments & Working capital.
LOAN AMOUNT LIMIT
Up to 10 lakh for individuals and for 25 lakh to societies and institutions approved by Khadhi board
RATE OF INTEREST
Up to 3 lakh @ 14%
Above 3 lakh @15%
REPAYMENT PERIOD
7 years
ELIGIBILITY
Sufficient income to repay the loan amount
The applicant does not have any direct or indirect liability with the Bank. (as loanee or surety)
Who can give job at least one person with every 50000 of the loan amount
GUARANTEE
Approval by the khadi board
Certificate from the project manager (KVIB)
Landed property
MARGIN
10%down payment and for SC /ST 5%
INTEREST REBATE
Applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Approval by the khadi board
Certificate from the project manager (KVIB)
Original deed
FORECLOSURE  FEE

Download Application Form

Overdraft to Indiv

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 (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

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