EDCB E-SCHOOL LOAN

TARGET GROUP

parents of the School students in the range from 8th standard to 12th standard
PURPOSE

Purchase of Tablet and Cycles

 LOAN AMOUNT LIMIT

Rs 3000 to 10000/-

RATE OF INTEREST
10.5% p.a + 3 % penal

Loan  PERIOD
12 Months to 36 Months – EMI

ELIGIBILITY

Surety- Parent LTR Receipt should be produced

Repayment Process

Through operative account in the name of Student & Parent

 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

Land Tax receipt of Parent

Download Application Form

Ordinary Loan (Pur

TARGET GROUP
Residents of Ernakulam District .
PURPOSE
Purchase of solar equipments.
LOAN AMOUNT LIMIT
Up to 2lakh
RATE OF INTEREST
Upto Rs.1 lakh @12%
Rs.1,00,001 to Rs.2 Lakh @ 13%
REPAYMENT PERIOD
60 Months
ELIGIBILITY
Sufficient personal or family income.
80% of Estimate / Invoice
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.
3)Rs.1,00,001 to Rs.2 lakh 2 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
3) Rs.1,00,001 to Rs.2 lakh :- 3 Employed Surety & LTR of Applicant.
OR
Property having valuation of 170% of  the loan amount
MARGIN
20% of the invoice value
INTEREST REBATE
Applicable to this loan
MORATORIUM
Not applicable to this loan
DOCUMENTS TO BE SUBMITTED
Salary Certificate of the Applicant & Guarantors in the prescribed form
Invoice of the equipment purchased
In case of collateral security
Primary deed, Prior deed and other relevant revenue records with income proof and invoice.
FORECLOSURE  FEE
Nil

Download Application Form

Loan Against Kissa

TARGET GROUP
Residents of Ernakulam District.
PURPOSE
Various purpose
LOAN AMOUNT LIMIT
1 lakh subject to 70% of the face value of kisan vikas pathra (whichever is lower)
RATE OF INTEREST
12.00%
REPAYMENT PERIOD
Maximum six years and the period shall not be extended beyond the maturity period of the certificate
ELIGIBILITY
Kisan vikas pathra certificate holders
GUARANTEE
Kisan vikas pathra  discharged by the depositor
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
Continuing security letter
Take delivery letter
Letter addressed to the post office authorizing the bank to collect interest payable on NSCs ,in form 87
Letter of pledge of national saving certificate in form no 41
FORECLOSURE  FEE

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

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