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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

Short Term Loan Th

TARGET GROUP
Residents of Ernakulam District. 
PURPOSE
As per the decision of the co-op society
LOAN AMOUNT LIMIT
Fixed by the society  according to the bye-laws
RATE OF INTEREST
As per the decision of the executive committee of the Bank from time to time
REPAYMENT PERIOD
12 Months
ELIGIBILITY
Members of the co-op society
GUARANTEE
UPFRONT FEE
Not applicable to this loan
INTEREST  REBATE
Not applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
FORECLOSURE  FEE
Not applicable to this loan

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

Over Draft Facilit

TARGET GROUP
The confirmed employees on the regular services of the primary agricultural credit co operative societies affiliated to the bank
PURPOSE
House Repair, Education of Children , Medical Treatment etc.
LOAN AMOUNT LIMIT
Up to 1 lakh
RATE OF INTEREST
11.00%
REPAYMENT PERIOD
Maturity date of RD or the date of retirement which ever is earlier
ELIGIBILITY
Employees having a RD account for a period of sixty months
GUARANTEE
Two employees sureties
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 and an agreement in the prescribed form.
Salary Certificate of the Applicant & Guarantors in the prescribed form.
Committee Resolution of the Society
FORECLOSURE  FEE
Not applicable to this loan

Download Application Form

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