LOAN

Loan

        We offer several loan products to help you buy a home or car for your family in India and also loan against your deposit with us to tide over unforeseen financial needs. You can leverage your future income, existing assets, and deposits as security for the loan.

 

Loan Schemes Availed By Commercial Cooperative Bank.

   1) Loan Against Fixed Deposit �

 

Loan Limit	Rate of Interest
85% of Fixed Deposit Amount	1% Extra of Fixed Deposit Receipt Interest.

 

   2) Loan on Gold Ornaments -

 

Rate of Interest	Documents	Loan Limit	Margin
13% P.A.	Loan Application             Stamp Paper of Rs.100/- Per Lakh.             KYC Proof of applicant.	Up to Rs.1 lakh for �A� &�B� class members.        Above Rs. 1 Lakh only for �A� class members.	As per Reserve Bank of India�s Guidelines.

 

   3)Surety Loan -

 

Rate of Interest	Loan Limit	Period	Guarantor
16% P.A.(Rebate 2%);	Maximum Rs. 1,00,000/-	60 months	2 �A� class members.

 

   4)Housing Loan Scheme �

 

Purpose	Rate of Interest	Loan Limit	Period	Security	Guarantor
For Construction &Purchase of house / Bungalow/ Flat/ Home /House/Repair of House.	Up to Rs.20.00 Lakhs : 12.75% Rs.20.00 Lakh and above :12.50%	Maximum of Rs. 70 Lakhs 75% of Agreement price of House / Flat.	Maximum 180 months	Registered Mortgage of Property.	2 �A� Class Members

 

   5)Vehicle Loan Scheme �

 

Rate of Interest	Loan Limit	Period	Security	Guarantor
For Two Wheeler Vehicle Loan: 13% p.a. For Personal and Commercial Vehicle (Three and Four Wheeler) Loan: 11.50% to 12.25% p.a.	75% of Vehicle Price	36 months to 72 months	Vehicle	2 �A� class members.

 

   6)Cash Credit - For Working Capital

 

Rate of Interest	Loan Limit	Period	Security	Guarantor
Up to Rs. 5.00 Lakh 15 % p.a. (Rebate 1%) Above Rs. 5.00 Lakh 14 % p.a. (Rebate 1%)	_________	12 months	[Stock in Trade] 90 days, Debtors & Creditors. Machinery, Furniture etc.	2 �A� class members.

   7)Term Loan Scheme �

 

We offer shortnterm & medium term loan facility. This scheme is useful for businessmen or employees.

Rate of Interest	Loan Limit	Period	Guarantor	Security
Up to Rs. 5.00 Lakh 15 % p.a. (Rebate 1%) Above Rs. 5.00 Lakh 14 % p.a. (Rebate 1%)	__________	36 to 120 months	2 �A� class members.	House Property