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Mangalya Soothra L

TARGET GROUP
Residents of Ernakulam District. 
PURPOSE
Marriage for financially backward women and livelihood for families(Karshika loan)
LOAN AMOUNT LIMIT
25000 rupees
RATE OF INTEREST
5.00%
REPAYMENT PERIOD
For marriage 3 years and 6 months for karshika loan
ELIGIBILITY
Financially back ward parents  ,is a member of the society
GUARANTEE
Employee salary surety not less than 5000 as salary
property for 170% of the loan amount
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

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.

Download Application Form

Professional Educa

TARGET GROUP
Residents of Ernakulam District.  Students residing at Ernakulam district doing professional courses from the recognized universities of India / abroad
PURPOSE
For studying Engineering, Medical courses, (M.B.B.S.,B.D.S.,B.A.M.S.,B.H.M.S.,B.SC Nursing) ,M B A ,M C A , M S , M D , M D S , M S W ,.
LOAN AMOUNT LIMIT
Up to 25lakh
RATE OF INTEREST
Up to 25 lakh @ 12%
REPAYMENT PERIOD
Only interest up to the completion of studies. For a period of 100 months or  Course period whichever is less, monthly interest shall be paid.  After that period principal shall be repaid in 100 equal Monthly installments along with interest.
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
Upto Rs.2 lakh:-
1 Employed surety having monthly salary not below Rs.5000/- & surety ship of parents               
                                                      or
If Father / mother is an employee, outside employed surety is not necessary.
                                                      or
1 employed surety if only Father / Mother is an employee.
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 applications up to Rs.5 lakhs.
MARGIN
Rs.500/-
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
Admission certificate from the educational institution.
20 cheque leaves of commercial bank
For studying aboard the passport, air ticket, visa .should be submitted.
In case of collateral security
Primary deed, Prior deed and other relevant revenue records in the case of property security.

Download Application Form

STHREE SAKTHI LOAN

TARGET GROUP

Educated women, SHG/JLG of women etc
PURPOSE

To start catering Unit , Bakery Unit, Poultry farm, Artificial Jewellery Making, Beauty parlour etc

LOAN AMOUNT LIMIT

Rs. 10,00,000/-

 RATE OF INTEREST
12.00% p.a + 3 % penal

Loan  PERIOD
120 Months– EMI

 ELIGIBILITY

A group of Educated unemployed women ( Minimum 3 Nos  max10 Nos)

Upto 70 % of the Project report

Repayment Process

Through operative account

GUARANTEE

Property for 200% of the loan amount

All the members of the group should be stood as sureties

 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

Project report of the proposed business
Introducer's statement
Election I D card or ration card for address proof

Salary certificate of the guarantors in the prescribed form

Equitable mortgage agreement

Original deed and Prior deed

All other norms of project loan  is applicable to this loan also

Download Application Form

Current Deposit

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Savings Deposit

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Fixed Deposit

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Recurring Deposit

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