What's New

WITH RESPECT TO KERALA BANK FORMATION, INT RATES SLASHED New

Over Draft To Empl

TARGET GROUP
Members of employees society residing in Ernakulam district
PURPOSE
Various purpose
LOAN AMOUNT LIMIT
Up to 2 lakh
RATE OF INTEREST
Up to 2 lakhs @ 11%
REPAYMENT PERIOD
12 months before the retirement date
ELIGIBILITY
Members of employees society residing in Ernakulam district
GUARANTEE
Guarantee according to bye laws
MARGIN
Rs500
INTEREST REBATE
Not applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
B statement including the retirement date of the applicants
Account statement of the last day of the month
Collateral demand promissory note and cheque leaves
FORECLOSURE FEE

Download Application Form

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

Download Application Form

Medical Practition

TARGET GROUP

Qualified medical practitioners age between 25 to 65yrs

PURPOSE
providing finance to Medical practitioners for setting up of clinic, expansion/Modernization/renovation of existing clinic, X-ray lab, pathological lab , purchasing medical equipments ,computers etc.

LOAN AMOUNT LIMIT

Rs.40,00,000/-

TYPE OF LOAN

Composite Type ( Term loan +Working Capital OD @ 10 % of the total loan amount )

RATE OF INTEREST

12% P.a + 3 % penal

Loan PERIOD
100 Months – EMI

ELIGIBILITY

Individuals or partnership firms are eligible.

Promoters should be having minimum qualification MBBS, BDs,BAHMS,BPT or equivalent qualification. Borrower should be registered with respective council.

Upto 70% of the Project Repot

Repayment Process

Through operative account

GUARANTEE

Property for 200% of the loan amount and Gehan should be created in the name of Bank

MARGIN

30% to be deposited for project loan

20% to be deposited for purchasing machinery and land

INTEREST REBATE
Applicable to this loan

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

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