Ordinary Loan (med

TARGET GROUP
Residents of Ernakulam District. 
PURPOSE
For further treatment referred by the doctors
LOAN AMOUNT LIMIT
Up to 1lakh
RATE OF INTEREST
Not applicable for this loan.
Defaulters will be charged interest at the rate of 6 % p.a on balance outstanding.
Addl .Interest rate of 3 % p.a is charged on overdue installments.
REPAYMENT PERIOD
100 Months
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.50000/- :- 1Employed surety & LTR of applicant
2) Rs.50,001 to Rs.1,00,000/- :- 2 Employed surety & LTR of applicant
IN CASE OF COLLATERAL SECURITY
Security property with a valuation of 170% of applied amount.
A surety with Land Tax Receipt shall be given for the loan applications up to Rs.5 lakhs.
MARGIN
Rs.500/-
INTEREST REBATE
Not applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Salary Certificate of the Applicant & Guarantors in the prescribed form
Certificate from the doctor about the disease
Ration card of the patient.
Original Medical Bills should be submitted
( Loan should be applied within 3 months from hospitalization )

Download Application Form

EDCB Express Loan

TARGET GROUP

Employees of Govt/quasi Govt., Aided School Employees/Teachers  etc

PURPOSE
Maintenance of house, marriage, painting ,   purchase consumer articles etc

      LOAN AMOUNT LIMIT

      Maximum Rs 10 Lakh

      RATE OF INTEREST
      Upto Rs. 5,00,000/-  - 12%

      Above Rs. 5,00,000/-  - 12.5%

Loan  PERIOD
12 Months to 100 Months – EMI (loan period to be fixed before 6 months of retirement from service)

      ELIGIBILITY

      Applicant and Sureties must be the Residents of Ernakulam District. 

 Applicant and sureties must not have direct liabilities with the bank

 

Surety conditions –

 

 

Upto 3,00,000

1.Upto  20 times of the monthly net salary.(Own   salary certificate)

2. Total deduction from salary not exceed 60 % of    gross   salary.

3. One Surety from Family

 

3 lakh to 5 lakh

1.Upto  20 times of the monthly net salary.(Own   salary certificate)

2. Total deduction from salary not exceed 60 % of    gross   salary.

3. One Surety from Family

4Surety of one  Govt. Employee having gross salary Rs. 25000/- or surety of two Govt.employee having aggregate gross salary  of Rs. 25000/-.

5 lakh to 10 lakh

1.Upto  20 times of the monthly net salary.(Own   salary certificate)

2. Total deduction from salary not exceed 60 % of    gross   salary.

3. One Surety from Family

4.Surety of two Govt. Employee   having gross salary Rs. 40000/- each

 Repayment Process

Through operative account

 Margin
Not applicable to this loan
INTEREST REBATE

Applicable to this 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 and Sureties in the prescribed format

PEN Number, SPARK Authorisation

Declaration of Applicant/ Surety  and recovery agreement in prescribed format

Download Application Form

Self Employment Lo

TARGET GROUP
Residents of Ernakulam District.
PURPOSE
Purchase of Self Employment Equipments & Working capital.
LOAN AMOUNT LIMIT
Up to 25 lakh
RATE OF INTEREST
12.00%
REPAYMENT PERIOD
100 Months
ELIGIBILITY
Sufficient personal or family income.
GUARANTE
Upto Rs.2 lakh –
1)4 Employed sureties having monthly salary of not below Rs.4000/- or 3 Employed sureties having monthly salary of not below Rs.5000/-
2)Hypothecation of Goods.
3)Above 2 lakh :- Property 150% to the loan amount
MARGIN
10 % of the Invoice amount should be remitted
INTEREST REBATE
Applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Project report
Salary Certificate of the Guarantors in the prescribed form
Primary deed, Prior deed and other relevant revenue records.
FORECLOSURE  FEE

Download Application Form

Rural Tourism Sche

TARGET GROUP
Church, temple, Mosque, Madam, NSS SNDP, Social groups
PURPOSE
For building tourist homes restaurants, purchasing tourist boat and for home stay
LOAN AMOUNT LIMIT
Up to Rs. 25 lakh for  building tourist homes restaurants, and for  purchasing tourist boat up to Rs.10 lakhs
RATE OF INTEREST
Depends upon the project
REPAYMENT PERIOD
10 years for  building tourist homes restaurants, and 60 months for  purchasing tourist boat
ELIGIBILITY
Members in the social institutions
GUARANTEE
Property for 170% of the loan amount
Property deed of the constructing project in case of tourist homes restaurant
Hypothication  of  boat in case of purchasing boat
UPFRONT FEE
5% of loan amount should be deposited
INTEREST REBATE
Not applicable to this loan
MORATORIUM
6 months for  building tourist homes restaurants and for purchasing tourist boat
DOCUMENTS TO BE SUBMITTED
Certificate for working   of tourist homes restaurant from authorities
FORECLOSURE  FEE

Download Application Form

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