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Ordinary Loan Soci

TARGET GROUP
All Societies affiliated to our Bank.
PURPOSE
Education, Marriage, Medical Treatment, House Repair, Painting, (Purpose approved by the Byelaw of society)
LOAN AMOUNT LIMIT
Based on  the IMBP & Reserve Borrowing Power of the Society
RATE OF INTEREST
12%
REPAYMENT PERIOD
60 Months / 1year to 5 yearly installments.
ELIGIBILITY
On the basis of Financial position & Reserve Borrowing Power of the society
GUARANTEE
On personal & property security (According to the Byelaw 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.op Societies.

Download Application Form

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

Download Application Form

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

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

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