OL Education Socie

TARGET GROUP
All PACS and Employees Societies affiliated to our Bank.
PURPOSE
Education for children upto U.P,H.S,College / HSC division
LOAN AMOUNT LIMIT
Rs.35000/- for a family
U.P.School        – Rs.6000/-
High School      – Rs.12,000/-
College / HSC   – Rs.15000/-
RATE OF INTEREST
10 %
REPAYMENT PERIOD
10 Months.
ELIGIBILITY
On the basis of Financial position & Reserve Borrowing Power of the society
GUARANTEE
On personal & property security (According to Bye-law of the society)
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
1.Prescribed Application Form
2. Committee Resolution
3.”B Statement” regarding the details of Security offered / Personal Sureties.
4. Copy of Audited Balance Sheet & Latest B/ S,Trading A/C, P & L a/c etc.
5. Copy of Bye Law,Copy of defects pointed out in the Audit Report and measures taken for rectification.
6. Certificates regarding the negative Lien on their fixed Assets.
7. Certificate regarding the Non-Membership in other Credit Co.opve Societies.
8. Students Standard Wise details of B statement  (Upto U.P,H.s,college)

Download Application Form

OL Marriage Societ

TARGET GROUP
All Societies affiliated to our Bank.
PURPOSE
Marriage
LOAN AMOUNT LIMIT
Sanctioned according to the IMBP & Reserve Borrowing Power of the Society
RATE OF INTEREST
12.5 %
REPAYMENT PERIOD
60 Months.
ELIGIBILITY
On the basis of Financial position & Reserve Borrowing Power of the society
GUARANTEE
On personal & property security (According to the Bye-law of the society)
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
1.Prescribed Application Form
2. Committee Resolution
3.”B Statement” regarding the details of Security offered / Personal Sureties.
4. Copy of Audited Balance Sheet & Latest B/ S,Trading A/C, P & L a/c etc.
5. Copy of Bye Law,Copy of defects pointed out in the Audit Report and measures taken for rectification.
6. Certificates regarding the negative Lien on their fixed Assets.
7. Certificate regarding the Non-Membership in other Credit Co.opve Societies.
8. Marriage Certificate from the concerned Samudayam or Secretary
of the Society.
For Reimbursement- Disbursement Statement shall be obtained.

Download Application Form

EDCB SMART LOAN

TARGET GROUP

Employees of the Aided School, Aided College, Cochin Shipyard, Primary Agricultural CS, Employees CS and Ernakulam District oriented government/semi government institutions [non transferable jobs]

PURPOSE
Purchase of Smart Phone/Tablet/Notebook/Laptop.

LOAN AMOUNT LIMIT

Rs 10000 to 50000

RATE OF INTEREST

 11% P.a + 3 % penal

Loan  PERIOD
12 Months to 36 Months – EMI

 ELIGIBILITY

Up to 10 times of the monthly net salary

 

Surety –  1. Salary certificate of the Loanee

                2. Employment certificate from Employer

Repayment Process
Through operative account

Margin
Not applicable to this loan

INTEREST REBATE
Applicable to this loan on maturity. No rebate on pre-closure loan

MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Introducer's statement
Election I D card or ration card for address proof

Salary certificate of the Employee , Employment certificate from the Employer.

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

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