Self Employment Lo
TARGET GROUP
Residents of Ernakulam District.
PURPOSE
Purchase of Self Employment Equipments & Working capital.
LOAN AMOUNT LIMIT
Up to 25 lakh
RATE OF INTEREST
12.00%
REPAYMENT PERIOD
100 Months
ELIGIBILITY
Sufficient personal or family income.
GUARANTE
Upto Rs.2 lakh –
1)4 Employed sureties having monthly salary of not below Rs.4000/- or 3 Employed sureties having monthly salary of not below Rs.5000/-
2)Hypothecation of Goods.
3)Above 2 lakh :- Property 150% to the loan amount
MARGIN
10 % of the Invoice amount should be remitted
INTEREST REBATE
Applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Project report
Salary Certificate of the Guarantors in the prescribed form
Primary deed, Prior deed and other relevant revenue records.
FORECLOSURE FEE
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
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
Small Scale Indust
TARGET GROUP
Residing in Ernakulam district
PURPOSE
Business , Studies and employment in abroad ,Tourism projects.
LOAN AMOUNT LIMIT
Up to 10 lakh
RATE OF INTEREST
Up to 1 lakh @ 12%
1 lakh to 2 lakh @13%
2 lakh to 5 lakh @ 14%
Above 5 lakh @15%
REPAYMENT PERIOD
100 months
ELIGIBILITY
The age of the borrower should not exceed 50 years
GUARANTEE
Property worth Rs 170% of the loan amount
One personal security with land tax receipt .
MARGIN
10% of the loan amount
INTEREST REBATE
Not applicable to this loan
MORATORIUM
Applicable to this loan
DOCUMENTS TO BE SUBMITTED
Property deed
FORECLOSURE FEE
Scheme For Purchas
TARGET GROUP
Residents of Ernakulam District.
PURPOSE
Business, Contract Business, Trade, Professional
LOAN AMOUNT LIMIT
Up to 5 lakh
RATE OF INTEREST
13.50%
REPAYMENT PERIOD
1 year
ELIGIBILITY
The borrower and sureties shall be natives of Eranakulam District
Must not have credit facilities with other Banks
GUARANTEE
Property security
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
Security delivery letter
Agreement for bills purchased and discounted
Delivery letter for purchase of cheque
FORECLOSURE FEE