Loan Against Kissa

TARGET GROUP
Residents of Ernakulam District.
PURPOSE
Various purpose
LOAN AMOUNT LIMIT
1 lakh subject to 70% of the face value of kisan vikas pathra (whichever is lower)
RATE OF INTEREST
12.00%
REPAYMENT PERIOD
Maximum six years and the period shall not be extended beyond the maturity period of the certificate
ELIGIBILITY
Kisan vikas pathra certificate holders
GUARANTEE
Kisan vikas pathra  discharged by the depositor
UPFRONT FEE
Not applicable to this loan
INTEREST REBATE
Not applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Demand promissory note
Continuing security letter
Take delivery letter
Letter addressed to the post office authorizing the bank to collect interest payable on NSCs ,in form 87
Letter of pledge of national saving certificate in form no 41
FORECLOSURE  FEE

Download Application Form

Ordinary Loan (Pur

TARGET GROUP
Residents of Ernakulam District .
PURPOSE
Purchase of solar equipments.
LOAN AMOUNT LIMIT
Up to 2lakh
RATE OF INTEREST
Upto Rs.1 lakh @12%
Rs.1,00,001 to Rs.2 Lakh @ 13%
REPAYMENT PERIOD
60 Months
ELIGIBILITY
Sufficient personal or family income.
80% of Estimate / Invoice
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.
3)Rs.1,00,001 to Rs.2 lakh 2 Employed Surety.
If Applicant is not an Employee :-
1)Upto Rs.50000/- :- 1Employed surety & LTR of applicant
2) Rs.50,001 to Rs.1,00,000/- :- 2 Employed surety & LTR of applicant
3) Rs.1,00,001 to Rs.2 lakh :- 3 Employed Surety & LTR of Applicant.
OR
Property having valuation of 170% of  the loan amount
MARGIN
20% of the invoice value
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
Invoice of the equipment purchased
In case of collateral security
Primary deed, Prior deed and other relevant revenue records with income proof and invoice.
FORECLOSURE  FEE
Nil

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

EDCB OKAY LOAN

TARGET GROUP
Employees of reputed Hospital/Private Institution, Private Schools /Self Financing College with permanent affiliation  
PURPOSE
maintenance of house, marriage, painting ,   purchase consumer articles etc
LOAN AMOUNT LIMIT
Maximum Rs 2  Lakh
RATE OF INTEREST
12%
Loan  PERIOD
36 Months to 60 Months – Non EMI (loan period to be fixed before 6 months of retirement from service)
ELIGIBILITY
Applicant and Sureties must be the Residents of Ernakulam District.  
On the security of Under taking of the employer and salary certificate
Total deduction from salry not exceed 50 % of    gross   salary.
 Applicant and sureties must not have direct liabilities with the bank
Surety conditions –
a.Own salary certificate ,Upto  20 times of the monthly net salary.
b.Surety of one salaried person of same institution having 20 times of   net   salary or One Govt. Employee 
c. One LTR Surety
d. One Surety from Family
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 and Sureties in the prescribed format
Under taking of the employer , Declaration

Download Application Form

Current Deposit

Today, no business men can

Read More

Savings Deposit

An SB account is the most common deposit account.

Read More

Fixed Deposit

Fixed Deposit refers to

Read More

Recurring Deposit

As the word recurring says, RD account in

Read More