What's New

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

Gold Loan( Athulya

TARGET GROUP

Residents of Ernakulam District.

PURPOSE

Various purpose

LOAN AMOUNT LIMIT

Maximum Rs. 25 Lakh

RATE OF INTEREST

9.00%

Loan PERIOD

3 Months

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 Proces

Through operative account

Margin

Not applicable to this loan

INTEREST REBATE

Applicable to this loan

MORATORIUM

Not applicable to this loan

Download Application Form

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

Download Application Form

Overdraft to Emplo

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