Gold Loan (Over Dr
TARGET GROUP
Residents of Ernakulam District.
PURPOSE
For personal
LOAN AMOUNT LIMIT
Upto 10 Lakh
RATE OF INTEREST
Up to 1 lakh @ 12.00%
1,00,001/- to 3 lakh @ 12%
3,00,001/- to 5 lakh @ 12.00%
Above 5 lakh @ 12%
REPAYMENT PERIOD
3 years
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.
The applicant does not have any direct or indirect liability with the Bank. (as loanee or surety)
GUARANTEE
Gold ornaments
Personal
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
Address proof document
FORECLOSURE FEE
House Loan For Soc
TARGET GROUP
Society employees residing in Ernakulam district
PURPOSE
For building house
LOAN AMOUNT LIMIT
Up to 5 lakh
RATE OF INTEREST
Up to 1 lakh @ 11%
1 lakh to 2 lakh@ 12%
2 lakh to 5 lakh@ 13%
5 lakhs to 10 lakhs @14%
REPAYMENT PERIOD
15 years
ELIGIBILITY
Residing in Ernakulam district
Applicant must have sufficient repayment capacity
Applicant or spouse should not have house in their name in Ernakulam district
Property should be in the name of applicant and free from liabilities
Applicant should not have direct liabilities with the bank
GUARANTEE
Equitable mortgage on Property and house
UPFRONT FEE
30% of the loan amount
INTEREST REBATE
Not applicable to this loan
MORATORIUM
12 months
DOCUMENTS TO BE SUBMITTED
Plan and estimate of house
NOC certificate for construction from local bodies
Salary certificate in prescribed form
Salary recovery agreement
Possession and non attachment certificate
location sketch and land tax bill
property deed
FORECLOSURE FEE
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
Cash Credit
TARGET GROUP
Residents of Ernakulam District.
PURPOSE
For meeting the working capital/block working capital requirements or both to registered traders, registered government/quasi Government contractors and for Doctors ,Engineers ,Chartered Accountants, Advocates etc
LOAN AMOUNT LIMIT
Up to 10 lakh for professionals
Up to 50 lakh for others
RATE OF INTEREST
Up to 5 lakh @13.5%
Above 5 lakhs @ 13.5%
REPAYMENT PERIOD
1 year
ELIGIBILITY
The borrower and sureties shall be natives of Eranakulam District
GUARANTEE
Shall mortgage/hypothecate the entire assets created out of the cash credit granted by the bank
property for 170% of the cash credit amount
One personal security with land /building tax receipt .
UPFRONT FEE
20% of the applied amount.
INTEREST REBATE
Applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Audited balance sheet trading and P&L account for the last 3 financial years in case of existing business
License and service Tax registration certificate/ VAT certificate
Copy of Income tax Returns
Stock statement for preceding 6 months
In case of collateral security
Primary deed, Prior deed and other relevant revenue records
FORECLOSURE FEE