Eligibility | Required documents | Terms and Conditions |
---|---|---|
• Businessmen | • Loan Demand Application | • The applicant should be a resident of the district. |
• Last 3 years income tax return and balance sheet | • The business of the applicant should be in the district. | |
• Business Registration Certificate | • Should have a regular savings/current account. | |
• Evidence regarding occupation | • Fixed asset valuation should be multiple of loan demand amount. | |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • If the annual income of the applicant is less, the annual income of the co-applicants will be considered. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Loan will be sanctioned on the basis of stock (goods). | |
• Search Report and Valuation Certificate of Fixed Assets from Bank Panel Architects and Advocates | • Applicant’s CIBIL score should be above 700. | |
• The permanent property should belong to the applicant or co-applicant. (If the co-applicant has permanent property, consent will have to be taken on stamp paper of Rs.100.) | • Applicant age should not be more than 50 years minimum | |
• non-agricultural/ Gavthan/ Gaon Namuna 8/ Property Mutation (Akhiv Patrika) of permanent property. | • The applicant will have to take insurance of amount equal to the balance of the goods and renew the insurance every year. | |
• Guarantor’s Income Tax Slip | • The interest on the loan will be charged monthly. | |
• The loan will be waived at the age of 65 years of the applicant. | • 40 percent of the goods (stock) will be taken off the debt. | |
• If the loan demand is above ₹10.00 lakh then the balance sheet with UDI number of the Chartered Accountant has to be provided. | • Renewal of loan amount will be done on 31st January every year. | |
• The loan shall have two competent guarantors. | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
• Last 3 years income tax return if guarantor is professional. | • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. | |
• Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. | ||
• An updated CIBIL report has to be taken while renewing the cash credit loan. | ||
• 7/12 /Gaon Namuna 8A / Property Mutation (Akhiv Patrika) has to be submitted annually for mortgaged assets. | ||
• If there is no collateral for the loan, a cash credit limit of 75 percent will be sanctioned based on the special fixed deposit in the name of the applicant. |
Eligibility | Loan repayment period | Required documents | Terms and Conditions |
---|---|---|---|
Businessmen
|
1 years | • Loan Demand Application. • Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant. • Nominal membership fee (applicant and co-applicant) |
• The applicant should be a resident of the district. The business of the applicant should be in the district. • There should be a regular daily savings account and a savings/current account. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. |
1,2,3 years | • Loan Demand Application. • Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant. • Nominal membership fee (applicant and co-applicant). • Agreement/Guarantee on stamp paper of ₹100 if loan amount is above ₹50,000/- |
• The applicant should be a resident of the district. • The business of the applicant should be in the district. • There should be a regular daily savings account and a savings/current account. • Applicant’s CIBIL score should be above 700. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Woman | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant | • The business of the applicant should be in the district. | |
• Nominal membership fee (applicant and co-applicant) | • There should be a regular daily savings account and a savings/current account. | |
• Letter of registration from Nagar Parishad. | • The loan will be repaid in equal monthly installments. | |
• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | ||
• Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant • Last 6 months salary slip • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant and co-applicant) |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. |
Salaried other than bank
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Last 6 months salary slip, bank account statement and cheque book • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant, co-applicant and guarantor) • Consent letter of surety on stamp paper of ₹100 • Last 6 months salary slip and bank account statement of two competent guarantors. |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Professional
|
• Loan Demand Application
• Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Nominal membership fee (applicant, co-applicant and guarantor) • Last 3 years income tax return and balance sheet • Business Registration Certificate • Quotation from authorized vehicle dealer • Agreement/Guarantee on stamp paper of ₹100 • Consent letter of surety on stamp paper of ₹100 • Last 3 years income tax return if guarantor is professional • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee |
• The applicant should be a resident of the district.
• The business of the applicant should be in the district. • Applicant’s CIBIL score should be above 700. • Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Farmer
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Nominal membership fee (applicant, co-applicant and guarantor) • Status Certificate for last 3 year • Income certificate for last 3 years • Quotation from authorized vehicle dealer • Agreement/Guarantee on stamp paper of ₹100 • Consent letter of surety on stamp paper of ₹100 • Last 3 years income tax return if guarantor is professional • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. • Updated 7/12. • Certificates of PAC/AVK Society. |
• The applicant should be a resident of the district.
• The applicant’s farm should be in the district. • Should have a regular savings/current account. • Applicant’s CIBIL score should be above 700. • Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant • Last 6 months salary slip • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant and co-applicant) |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Salaried other than bank
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Last 6 months salary slip, bank account statement and cheque book • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant, co-applicant and guarantor) • Consent letter of surety on stamp paper of ₹100 • Last 6 months salary slip and bank account statement of two competent guarantors. |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Professional
|
• Loan Demand Application
• Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Nominal membership fee (applicant, co-applicant and guarantor) • Last 3 years income tax return and balance sheet • Business Registration Certificate • Quotation from authorized vehicle dealer • Agreement/Guarantee on stamp paper of ₹100 • Consent letter of surety on stamp paper of ₹100 • Last 3 years income tax return if guarantor is professional • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee |
• The applicant should be a resident of the district.
• The business of the applicant should be in the district. • Applicant’s CIBIL score should be above 700. • Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Farmer
|
• Loan Demand Application
• Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Nominal membership fee (applicant, co-applicant and guarantor) • Status Certificate for last 3 year • Income certificate for last 3 years • Quotation from authorized vehicle dealer • Agreement/Guarantee on stamp paper of ₹100 • Consent letter of surety on stamp paper of ₹100 • Last 3 years income tax return if guarantor is professional • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. • Updated 7/12. • Certificates of PAC/AVK Society. |
• The applicant should be a resident of the district.
• The applicant’s farm should be in the district. • Applicant’s CIBIL score should be above 700. • Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant • Last 6 months salary slip • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant and co-applicant) |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Salaried other than bank
|
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Professional
|
• Loan Demand Application
• Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Nominal membership fee (applicant, co-applicant and guarantor) • Last 3 years income tax return and balance sheet • Business Registration Certificate • Quotation from authorized vehicle dealer • Agreement/Guarantee on stamp paper of ₹100 • Consent letter of surety on stamp paper of ₹100 • Last 3 years income tax return if guarantor is professional • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee |
• The applicant should be a resident of the district.
• The business of the applicant should be in the district. • Applicant’s CIBIL score should be above 700. • Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Farmer
|
• Loan Demand Application
• Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Nominal membership fee (applicant, co-applicant and guarantor) • Status Certificate for last 3 year • Income certificate for last 3 years • Quotation from authorized vehicle dealer • Agreement/Guarantee on stamp paper of ₹100 • Consent letter of surety on stamp paper of ₹100 • Last 3 years income tax return if guarantor is professional • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. • Updated 7/12. • Certificates of PAC/AVK Society. |
• The applicant should be a resident of the district.
• The applicant’s farm should be in the district. • Applicant’s CIBIL score should be above 700. • Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried |
• Loan Demand Application • Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant • Last 6 months salary slip • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant and co-applicant) |
• Applicant's CIBIL score should be above 700. • Bank's name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant's gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Salaried other than bank |
• Loan Demand Application • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Last 6 months salary slip, bank account statement and cheque book • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant, co-applicant and guarantor) • Consent letter of surety on stamp paper of ₹100 • Last 6 months salary slip and bank account statement of two competent guarantors. |
• Applicant's CIBIL score should be above 700. • Bank's name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant's gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Professional |
• Loan Demand Application. • Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor. • Nominal membership fee (applicant, co-applicant and guarantor). • Last 3 years income tax return and balance sheet. • Business Registration Certificate. • Quotation from authorized vehicle dealer. • Agreement/Guarantee on stamp paper of ₹100. • Consent letter of surety on stamp paper of ₹100. • Last 3 years income tax return if guarantor is professional. • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. |
• The applicant should be a resident of the district. • The business of the applicant should be in the district. • Applicant's CIBIL score should be above 700. • Bank's name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Farmer |
• Loan Demand Application. • Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor. • Nominal membership fee (applicant, co-applicant and guarantor). • Status Certificate for last 3 year. • Income certificate for last 3 years. • Quotation from authorized vehicle dealer. • Agreement/Guarantee on stamp paper of ₹100. • Consent letter of surety on stamp paper of ₹100. • Last 3 years income tax return if guarantor is professional. • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. • Updated 7/12. • Certificates of PAC/AVK Society. |
• The applicant should be a resident of the district. • The applicant's farm should be in the district. • Applicant's CIBIL score should be above 700. • Bank's name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried/ Businessmen | • Bank's prescribed loan demand application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • The applicant will have to bear the entire cost of the mortgage | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
• Non-agricultural/Gaothan/Property Mutation(Akhiv Patrika) Certificate of fixed assets | • Applicant's CIBIL report should be on 700 | |
• Property appraisal by engineer on bank panel and Property search and title report by lawyer. | • Income tax of co-applicant has to be considered if applicant's CIBIL score is low. | |
• Income tax returns of three years will be required from the professional applicant and businessmen borrowing up to ₹ 2.00 lakh will not require income tax returns. | • If the applicant is a wage earner, regular service should be at least 2 years and balance service should be 5 years | |
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Woman | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant. | • Mahila Samudhi Savings Deposit Account should be regular | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • The loan will be repaid in equal monthly installments. | |
• Consent letter of surety on stamp paper of ₹100 | • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | |
• Last 3 years income tax return if guarantor is professional | • The loan shall have two competent guarantors. | |
• Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
• Updated gaon namuna 8 a. | • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. | |
• If the loan demand is above ₹50,000/- then proof of immovable property of one and a half times of the amount. (For Boza Registration). |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Pension Holders through Bank | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photographs of applicant, co-applicant and guarantor | • Original salary holder will be eligible for pension loan. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • All pensioners whose service pensioners have their pensions through the Bank will be eligible for the scheme. | |
• Proof of age | • Age of pension holders should not be 67 years or above | |
Xerox of Pension Order | • 20 times of the net salary of pensioner or a maximum of Rs. 5.00 lakh fixed term loan will be available. | |
• Guarantee on stamp paper of ₹100/- to applicant and co-borrower | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
• Undertaking of two sureties on stamp paper of ₹100/- | • Applicant's CIBIL score should be above 700. | |
• A letter of authority will be obtained from the applicant so that the monthly loan installment along with interest can be deducted from the pension account of the pensioners. | • Fixed assets in the name of the applicant or co-applicant have to be registered in the name of the bank, but if the co-borrower is a salary package member of the bank, this condition will not apply. | |
• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | ||
• Interest will be charged monthly. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried/ Businessmen | • Bank's prescribed loan demand application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • The applicant will have to bear the entire cost of the mortgage | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
• An assessment from an engineer on the bank's panel and a site search and title report from a lawyer will have to be taken. | • Applicant's CIBIL report should be on 700 | |
• Income tax returns of three years have to be taken from the applicant | • If the applicant is a wage earner, regular service should be at least 2 years and balance of service should be 5 years | |
• non-agricultural/Gaothan/Property Mutation(Akhiv Patrika) Certificate of fixed assets | • 90 percent of the total admission fee of an educational institution in the country is eligible for loan sanction. | |
• 85 percent of the total admission fee of an educational institution abroad is eligible for loan sanction. | ||
The said loan will be repaid in monthly installments | ||
• To secure the loan, the applicant, co-borrower have to pledge their own non-agricultural fixed assets to the bank valued one and half times the loan amount. | ||
• Since the applicant is a student, income tax return of co-applicant should be considered and CIBIL report of co-applicant should be above 700 | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. | ||
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried
|
• Loan Demand Application.
• Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant. • Last 6 months salary slip. • Authorized dealer quotation. • Loan repayment agreement/guarantee on stamp paper of ₹100. • Nominal membership fee (applicant and co-applicant). |
• Applicant’s CIBIL score should be above 700.
• The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Salaried other than bank
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor. • Last 6 months salary slip, bank account statement and cheque book. • Authorized dealer quotation. • Loan repayment agreement/guarantee on stamp paper of ₹100. • Nominal membership fee (applicant, co-applicant and guarantor). • Consent letter of surety on stamp paper of ₹100. • Last 6 months salary slip and bank account statement of two competent guarantors. |
• Applicant’s CIBIL score should be above 700.
• The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Professional
|
• Loan Demand Application.
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor. • Nominal membership fee (applicant, co-applicant and guarantor). • Last 3 years income tax return and balance sheet. • Business Registration Certificate. • Authorized dealer quotation. • Agreement/Guarantee on stamp paper of ₹100. • Consent letter of surety on stamp paper of ₹100. • Last 3 years income tax return if guarantor is professional. • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. |
• The applicant should be a resident of the district.
• The business of the applicant should be in the district. • Should have a regular savings/current account. • Applicant’s CIBIL score should be above 700. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Farmer
|
• Loan Demand Application.
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor. • Nominal membership fee (applicant, co-applicant and guarantor). • Status Certificate for last 3 year. • Income certificate for last 3 years. • Authorized dealer quotation. • Agreement/Guarantee on stamp paper of ₹100. • Guarantor’s letter of consent on stamp paper of Rs.100. • Last 3 years income tax return if guarantor is professional. • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. • Updated 7/12. • Certificates of PAC/AVK Society. |
• The applicant should be a resident of the district.
• The applicant’s farm should be in the district. • Should have a regular savings/current account. • Applicant’s CIBIL score should be above 700. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
For bank account holders | • Bank's prescribed loan demand application | • The applicant should be a bank account holder |
• Aadhaar Card/PAN Card and updated photograph of the applicant | • Applicant should have Bank's Special Term Deposit/Term Deposit/RD/NSC Certificate/Shubmangal Deposit. | |
• Nominal Member Fee (Applicant) | • 75 percent of the deposit will be eligible for loan approval. | |
• Interest will be charged monthly. | ||
• The interest rate will be 1 percent more than the deposit interest rate. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
For bank account holders | • Bank's prescribed loan demand application | • The applicant should be a bank account holder |
• Aadhaar Card/PAN Card and updated photograph of the applicant | • The applicant should have special fixed deposit/fixed deposit receipt of the bank. | |
• Nominal Member Fee (Applicant) | • 75 percent of the deposit will be eligible for loan approval. | |
• Interest will be charged monthly. | ||
• The interest rate will be 1 percent more than the deposit interest rate. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried/ Businessmen | • Bank’s prescribed loan demand application | • The applicant should be a permanent resident of the district |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • A maximum of 85 percent of the assessed value of the fixed asset or ₹50.00 lakh whichever is less will be eligible for loan sanction. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • The net pay to the member after deducting all deductions shall not be less than 25 percent | |
• non-agricultural/Gaothan/Property Mutation(Akhiv Patrika) Certificate of fixed assets | • Income tax of the co-applicant has to be taken into account if the loan limit not sufficient as per the income tax sheet of applicant. | |
• Original documents of the property | • The applicant will have to bear the entire cost of the mortgage | |
• An assessment of the land from the engineer on the panel of the bank and a search and title report of the land from the lawyer. | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
• Income tax returns of three years have to be taken from the professional applicant | • Applicant/co-applicant should be on CIBIL report 700 | |
• For Machinery Materials :- Quotation from authorized dealer as well as 75 percent of the quotation will be eligible for loan sanction. | • If the applicant is a wage earner, regular service should be at least 2 years and remaining service should be at least 5 years | |
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Government and semi-government employees receiving regular salary through the bank | • Loan Demand Application | • Applicant’s monthly salary should be regular through your bank. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • The applicant should be continuous in the service and should have completed at least 2 consecutive years of service since joining the service. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Applicant’s CIBIL score should be above 700. | |
• 1 guarantor who retires after the applicant has to be taken and a surety bond on stamp paper of ₹100/- from them. | • According to the Documents Act, every 3 years all the documents in the said loan file will be taken afresh. | |
• The agreement has to be written on a stamp paper of ₹100/-. | • Renewal of loan amount will be done on 31st January every year. | |
• The member will be required to provide a no-due certificate of his employee cooperative credit institution. | • If the overdraft borrower has 10 years of service remaining, the loan limit will be reduced from the sanctioned limit in equal installments till the date of retirement. | |
• Regular/irregular loan default certificate of Employees Co-operative Credit Institution. | • The monthly salary or any amount received by the member has to be deposited in his bank account. | |
• 30 times of net salary after deductions from applicant’s 6 months salary or a maximum of ₹10.00 lakhs will be eligible as Over Draft loan limit. | ||
• A salaried employee who has completed 2 years of regular service after completing the probationary period. Such employee will be eligible for overdraft loan limit sanction up to ₹ 2.00 lakh. | ||
• Salaried employees who have completed 6 years of regular service after completion of probationary period and employees who remaining service is at least 6 years will be eligible for overdraft loan limit up to ₹ 10.00 lakh. | ||
• Overdraft facility up to ₹ 5.00 lakh will be available to employees of schools working on 40 percent subsidy or more in the district. | ||
• Overdraft loan facility of ₹ 2.00 lakh will be maintained for school employees working on subsidy of 20 percent or more in the district. | ||
• The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. | ||
• Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
• Interest will be charged monthly. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Government and semi-government employees receiving regular salary through the bank | • The loan application form will be applicable only to the employees having a savings account with salary through the bank. (This facility will not be applicable for employees who have this loan facility.) | • Applicable to employees with regular/permanent service as well as their remaining 3 years of service. |
• Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant | • 4 times the average amount of the employee’s net salary for the last 3 months or a maximum of ₹ 2.00 lakh will be eligible for loan sanction. | |
• Nominal membership fee (applicant and co-applicant) | • Renewal of loan amount will be done on 31st January every year. | |
• When the member has 3 years of service remaining, the sanctioned limit will be deducted in equal installments till the date of retirement. | ||
• Additional penalty interest will be charged at the rate of 1 percent on overdue loans. The interest charged will be debited to the savings account. | ||
• Out of the sanctioned loan amount, monthly interest will be charged only on the borrowed amount. | ||
• The employees who have been sanctioned under the said loan scheme will be allowed to take or repay the loan as per their requirement. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried | • Bank’s prescribed loan demand application | • Salaried employees can participate in this scheme. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • The material amount will be paid to the seller through RTGS/NEFT/DD. | |
• Authorized dealer quotation | • After purchasing the goods, the bills of the goods have to be submitted to the bank within 15 days | |
• Consent letter on stamp paper of ₹100/- for recovery of mutual amount from salary | • Loan limit will be 10 times the gross salary or a maximum of ₹ 2.00 lakh | |
• Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
• Regular service should have been at least more than 1 year | ||
• Must have at least 6 years of service remaining | ||
• Applicant’s CIBIL score should be above 700 | ||
• Branch Managers will retain the authority to approve loans for employees who are salaried through the bank, apart from the proposal of other salaried employees will have to be sent to the headquarters for approval. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Anganwadi workers and helpers who are paid through the bank | • Loan Demand Application | • Applicant’s monthly salary should be regular through your bank. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • The applicant should be continuous in the service and should have completed at least 2 consecutive years of service since joining the service. Also, there should be at least 6 years of service left before retirement. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • 20 times of the total remuneration and a maximum of ₹1.00 lakh whichever is lower will be eligible for loan sanction. | |
• Agreement/Guarantee on stamp paper of ₹100/- | • ₹1.00 lakh for anganwadi workers and ₹0.50 lakh for helpers will be eligible for loan sanction. | |
• Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
• The loan will be repaid in 60 monthly installments. | ||
• The loan has to be cleared till the age of 60 years. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
For bank account holders | • Bank’s prescribed loan demand application | • The applicant should be a bank account holder |
• Aadhaar Card/PAN Card and updated photograph of the applicant | • Purity and weight of gold/gold jewellery will be checked with the help of gold purity analyzer and 75 percent of prevailing market price of gold or maximum ₹2.00 lakh will be eligible for loan limit. | |
• Nominal Member Fee (Applicant) | • Interest will be charged monthly. | |
• Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
For bank account holders | • Bank’s prescribed loan demand application | • The applicant should be a bank account holder |
• Aadhaar Card/PAN Card and updated photograph of the applicant | • Purity and weight of gold/gold jewellery will be checked with the help of gold purity analyzer and 75 percent of prevailing market price of gold or maximum ₹20.00 lakh will be eligible for loan limit. | |
• Nominal Member Fee (Applicant) | • Interest will be charged monthly. | |
• Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • Will be applicable to salaried employees who are paid through the bank and other salaried employees. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Applicant’s CIBIL score should be above 700. | |
• Letter of consent regarding reduction of bank loan installment from the establishment where the applicant is employed | • The member should have completed 3 years of regular service and should be a permanent employee with at least 5 years remaining in the service/job. | |
• Site map certified by Land Records Department. | • The net pay of the member after deducting all deductions shall not be less than 25 percent. 50 times the gross salary of the member and a maximum of ₹ 35.00 lakh whichever is lower will be eligible for loan. | |
• Title and search report of the land from the lawyer on the panel of the bank | • 85 percent loan agreement with plot seller and 15 percent self-investment amount will be paid first in the bank and demand draft of the same amount will be paid. | |
• Appraisal of the premises by the Panel Engineer of the Bank | • The service of the surety shall not be less than that of the applicant. | |
• Non-agricultural certificate of the purchase plot and 7/12 as well as Plot should be N.A.T.P. | • Applicant’s age should not be more than 53 years | |
• Agreement with plot seller on stamp paper of ₹100/- | • Appraisal of premises, search report, register mortgage and other incidental expenses will have to be borne by the applicant himself. | |
• Undertaking of two competent sureties on stamp paper of ₹100/- | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
• Consent letter on stamp paper of ₹100/- for recovery of mutual amount from salary | • The said loan scheme will be limited to the district. | |
• After registering the plot in the name of the applicant member, registered mortgage and 7/12 encumbrance in the name of the bank. | • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. | |
• Regular/irregular loan no-due certificate of Employees’ Cooperative Credit Institution. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried/ Businessmen | • Loan Demand Application | • Will be applicable to salaried employees who are paid through the bank and other salaried employees . |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • Applicant’s CIBIL score should be above 700. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • The member should have completed 5 years of regular service and should be a permanent employee with at least 5 years remaining in the service/job. | |
• Letter of consent regarding reduction of bank loan installment from the establishment where the applicant is employed | • Employees of government, semi-government and private establishments and businessmen and other members will be eligible in the said scheme. | |
• Non-agricultural certificate of plot and 7/12 | • The member’s net salary after deducting all deductions shall not be less than 25 per cent, subject to a limit of 50 times of his gross salary (basic pay dearness allowance) and a maximum of ₹75.00 lakh, whichever is less. | |
• Site map certified by Land Records Department. | • 85 percent loan agreement with plot seller and 15 percent self-investment amount will be paid first in the bank and demand draft of the same amount will be paid. | |
• Title and search report of the premises from the lawyer on the panel of the bank | • The service of the surety shall not be less than that of the applicant. | |
• Appraisal of the site and house estimate from the panel engineer of the bank | • Applicant’s age should not be more than 53 years | |
• Agreement with seller of flat/new house on stamp paper of ₹100/- | • Appraisal of premises, search report, register mortgage and other incidental expenses will have to be borne by the applicant himself. | |
• Undertaking of two competent sureties on stamp paper of ₹100/- | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
• Consent letter on stamp paper of ₹100/- for recovery of mutual amount from salary | • Loan disbursement method :- Loan installments for new house construction will be paid in 4 installments like 25 percent, 25 percent, 30 percent and 20 percent according to the inspection report of the panel architect of the bank or the inspection officer of the bank on the assessment of the work done by them. And according to the statement (agreement to sell) the debt will be lifted. | |
• New House Construction/Flat/New House Construction After registration in the name of the applicant, registered mortgage in the name of the bank and 7/12 encumbrance note | • Mortgage :- The home loan should be a legal encumbrance on the allotted property. For commercial and other borrowers, two competent guarantors should be obtained and the borrower will have to bear the mortgage expenses. | |
• Regular/irregular loan no-due certificate of Employees’ Cooperative Credit Institution. | • The applicant has to clear the loan till the age of 65 years | |
• 7/12, Gaon Namuna 8 A and Property Mutation(Akhiv Patrika) | • The total value of the house/flat has to be insured. | |
• No Objection Certificate from Municipality/Nagar Panchayat/Gram Panchayat | • The said loan scheme will be limited to the district. | |
• To ensure the Gavthan site, it will be necessary to obtain a certificate from the concerned Gram Panchayat/Municipality as well as Talathi. | • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. | |
• Necessary documents such as Site Map, Akhiv Patrika as well as “C” Sheet, Vanswadi and Chatursima etc. certified by Bhumi Records Department | ||
• Documents of Fixed Assets (Original Documents) | ||
• Registered mortgage for purchase of house/new flat/new house (to be done by the applicant himself) | ||
• If the income of the applicant is less then the income of the co-applicant has to be taken into consideration and the CIBIL and ITR of the co-applicant have to be taken. | ||
• While determining the home loan limit for business and other members, the member’s income tax return, certified annual income certificate and balance sheet should be certified by the Chartered Accountant. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried | • Bank’s prescribed loan demand application | • Applicant’s CIBIL score should be above 700. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • It will be implemented at the taluka place in the district as well as at the place of fixed assets having non-agricultural/village/akhiv tracts with assessment. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Applicant should have completed 2 years of regular service and 5 years of remaining service in the post | |
• Letter of consent regarding reduction of bank loan installment from the establishment where the applicant is employed | • The net pay of the member after deducting all deductions shall not be less than 25 percent | |
• An estimate from the engineer on the bank’s panel and a site search and title report from the lawyer will have to be obtained. | • If the loan is not sanctioned as per the income tax return of the applicant, the income tax return of the co-applicant will have to be considered. | |
• 85 percent of the estimate or a maximum of 6.00 lakhs whichever is less will be eligible for loan limit sanction. | ||
• The said loan will be disbursed in two phases | ||
• The member who has taken home loan from the bank has to register the encumbrance on the permanent property whereas other members have to mortgage the permanent property in the name of the bank. | ||
• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | ||
• Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried/ Businessmen | • Bank’s prescribed loan demand application | • The applicant should be a permanent resident of the district |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • The loan policy will be limited to Gadchiroli, Kurkheda,Wadsa, Armori, Chamorshi, Ashti, Aheri and Sironcha. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Fixed asset must be a farmable. | |
• Original documents of property. | • Maximum of 75 percent of the assessed value of the plot and house (distress value) or ₹50.00 lakh whichever is less will be eligible for loan sanction. | |
• An assessment of the land from the engineer on the panel of the bank and a search and title report of the land from the lawyer will have to be taken. | • The applicant will have to bear the entire cost of the mortgage | |
• Income tax returns of three years have to be taken from the applicant | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
• In case of business, a stock statement of the remaining goods should be taken. | • Applicant/co-applicant CIBIL score should be above 700. | |
• The net pay to the member after deducting all deductions shall not be less than 25 percent | ||
• Income tax of the co-applicant has to be taken into account if the loan limit falls below the income tax sheet of applicant. | ||
• 85 percent of the valuation of fixed assets or a maximum of ₹50.00 lakh whichever is less will be eligible for loan limit sanction. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried/ Businessmen | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • The business of the applicant should be in the district. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Godown should be in construction district | |
• Business Registration Certificate | • Should have a regular savings/current account. | |
• Last 3 years income tax return and balance sheet if business | • Applicant’s CIBIL score should be above 700. | |
• Consent letter of surety on stamp paper of ₹100 | • The member has to contribute 25% of the project cost. | |
• Last 3 years income tax return if guarantor is professional | • The loan is to be repaid in 20 semi-annual equal installments over a period of 10 years. | |
• Bank account statement of Salary of Guarantor. | If the applicant repays the loan in one lump sum, the interest will be charged as per the daily product. | |
• Agreement/Guarantee on stamp paper of ₹100 | • The loan shall have two competent guarantors. | |
• Municipal/Nagar Panchayat/Gram Panchayat Godown Construction Approval Certificate. | • Fixed asset valuation should be one and half times of loan demand amount. | |
• Search Report and Valuation Certificate of Fixed Assets from Bank Panel Architects and Advocates | • The wet land area of the member should be 5 acres or dry land should be 10 acres | |
• Credit Certificate of Service Co-operative Society | • Should be a regular loan payer | |
• Status certificate. | • The amount of subsidy received by the beneficiaries should be deposited in the “Subsidy Reserve Fund” account, the bank will not pay interest on this amount and the bank will charge interest on the remaining loan balance after the subsidy amount is collected from the total loan. | |
• The member has to insure the warehouse in his own name and in the joint name of the bank at his own expense. | ||
• The godown will have to put up a nameplate courtesy of The Gadchiroli Zilla Cooperative Bank under “Ministry of Agriculture, Government of India Rural Godown Scheme”. | ||
• Registered mortgages and encumbrances have to be registered in the name of the bank. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents & Terms and Conditions |
---|---|
Co-operative Societies | • The area of operation of the cooperative society should be limited to Gadchiroli district. |
• The organization which does not have a godown will be given priority for setting up a godown. | |
• Considering the financial turnover of the cooperative society, consideration will be given to sanction additional godown. | |
• The savings/current/loan account of the organization should be regular. | |
• The organization should be financially viable. | |
• 25% of the project cost has to be self-invested. | |
• For construction of godown, the site should be registered in the name of the organization and it should be duly occupied by the organization. | |
• There should be no financial irregularities in the functioning of the organization. | |
• The audit of the organization should be up to date | |
• The organization has to take insurance of the godown in the joint name of the bank and the organization at its own expense. | |
• The loan is to be repaid in 20 semi-annual equal installments over a period of 10 years. | |
• Name plate courtesy of “The Gadchiroli District Central Cooperative Bank Ltd. Gadchiroli ” will have to put up on the godown under “Ministry of Agriculture, Government of India Rural Godown Scheme”. | |
• Registered mortgages and encumbrances have to be registered in the name of the bank. | |
• The amount of subsidy received by the organization should be deposited in the “Subsidy Reserve Fund” account, the bank will not pay interest on this amount and the bank will charge interest on the remaining loan balance after the amount of subsidy is collected from the total loan. | |
• Agreement/Guarantee on stamp paper of ₹100 | |
• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | |
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Farmers | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • Applicant’s farm should be within the district | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Should have a regular savings/current account. | |
• updated 7/12, Gaon Namuna 8A, Chartusime Map and Status Certificate | • Applicant’s CIBIL score should be above 700. | |
• No Dues Certificate of PAC/AVK Society. | • 15 percent self-investment amount from the member has to be paid in advance in the branch | |
• Acknowledgment of Feasibility/Application from MSEB | • If the loan of the member is not withdrawn within 6 months from the date of approval, the member will not be able to withdraw the loan without taking the prior permission of the head office. | |
• Authorized dealer quotation | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
• On 7/12 the burden should be recorded and all assets (materials and materials) created should be insured in the joint name of Beneficiary, The Gadchiroli District Central Co. Bank Marya, Branch ——–. Also, the member has to renew the insurance policy from time to time at his own expense. | • The loan repayment period will be 5 years. | |
• If there is a common partner’s name on Satbaya then his consent letter has to be taken on stamp paper of ₹100/-. | • The loan shall have two competent guarantors. | |
• Agreement/Guarantee on stamp paper of ₹100 | • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | |
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. | ||
• If the surface irrigation scheme is from a river :- | ||
• If the scheme is from river, lake, dam, canal then water permit of concerned department. | ||
• Receipt for electricity supply. | ||
• Digging consent letter (on stamp paper of ₹100/-) if pipeline passes through other farmers’ fields | ||
• Permission letter from concerned department for excavation if pipeline is passing through E-class land/road. | ||
• L section and estimate from authorized engineer in case of pipeline above 1000 meters is required. | ||
• Authorized dealer quotation | ||
• If the Upsa Irrigation Scheme is from a well, if the said well is within 500 meters from the source of drinking water, Hon. Collector’s permission letter. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Farmers | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • The applicant’s farm should be in the district | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Should have a regular savings/current account. | |
• updated 7/12, Gaon Namuna 8A, Chartusime Map | • Applicant’s CIBIL score should be above 700. | |
• Income proof of last 3 years | • Out of the 12 acres of land owned by the applicant, 5 acres should be under cash crops. | |
• No Dues Certificate of PAC/AVK Society. | • The member (or family member) should not be in default of any cooperative society loan or nationalized bank loan. | |
• Quotation from authorized hardware/vehicle dealer | • The member had to contribute at least 15 percent of the total cost (tractor, trailer and plow implements) as self investment. | |
• Agreement/Guarantee on stamp paper of ₹100 | • The amount of tractor trailer and tools as well as threshing machine will be paid to the seller through RTGS/NEFT/DD. | |
• Last 3 years income tax return if guarantor is professional | • The loan repayment period will be 7 years. | |
• Salary slip and bank account statement if surety is salaried. | • Bank’s name has to be hypothecated on RC book of the vehicle. | |
• Consent letter of surety on stamp paper of ₹100 | • Machinery and vehicle insurance should be renewed every year | |
• Photo of Machinery or vehicle. | • The loan will be repaid in equal monthly installments. | |
• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | ||
• The loan shall have two competent guarantors. | ||
• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Farmers | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • The applicant’s farm should be in the district | |
• Nominal membership fee (applicant, co-applicant and guarantor) | Should have a regular savings/current account. | |
• updated 7/12, Gaon Namuna 8A, Chartusime Map and Status Certificate | • Applicant’s CIBIL score should be above 700. | |
• Income proof of last 3 years | • Applicant should be a regular 3 year crop loan repayer | |
• Letter of acceptance of all terms and conditions of credit limit. | • The member should not have any loan from any other bank or credit institution and should not have outstanding loan from Primary PAC/AVK Society. | |
• If there are names of members involved on the 7/12, applicant have to provide Letter of consent on Rs.100/- stamp paper with the signature of competent authority. | • The sanction rate on agricultural area will be ₹10,000/- per acre. | |
• Consent letter of surety on stamp paper of ₹100 | • The maximum credit limit will remain at a maximum of ₹1,00,000/- only. | |
• Applicant can withdraw up to 90 percent of the sanctioned limit and 10 percent of the amount has to be reserved for interest recovery. | ||
• Cash credit loan should be renewed on 31st January every year. | ||
• 7/12 has to be recorded as a burden in the name of the bank. | ||
• The loan shall have two competent guarantors. | ||
• Interest will be charged monthly. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Farmers | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • The applicant’s farm should be in the district | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Should have a regular savings/current account. | |
• Fisheries Business Beneficiary members should have ponds, farm-ponds, reservoirs etc. Own land/pond on lease, business license will be required for fishing business. | • Under the said scheme, farmers/fishermen/dairy/animal husbandry/PAC/AVK societies members as well as individual direct loan holders who are members under Kisan Credit Card will be eligible to take member loans. | |
• A farmer member engaged in goat rearing/boar rearing/poultry rearing in animal husbandry business will need own land/pond on lease, business license. | • Farmer members who have animal husbandry, dairy, fishery business will be disbursed loan according to the rate given for working capital. | |
• Members doing dairy business should have their own/rented/leased shed. | • The member will not be eligible to take loan if the member has any outstanding loan from the bank or any other bank in the joint family for the said business. | |
• Letter of acceptance of all terms and conditions. | • Loans for working capital will be made available as per the unit rate fixed by the Honorable Expert Committee but the due date of loan repayment will be 31st March as per Bank’s KCC Policy | |
• The working capital loan available for the said business will be disbursed up to a maximum of ₹ 2.00 lakh per unit as per the given loan rate. (Working capital loans will be provided as decided by the expert committee after considering the hectare and number for fish farming and animal husbandry) | ||
• Applicant’s CIBIL score should be above 700 | ||
• Interest will be charged monthly. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Farmers | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • The applicant’s farm should be in the district | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Should have a regular savings/current account. | |
• If there are names of members involved on the 7/12, applicant have to provide Letter of consent on Rs.100/- stamp paper with the signature of competent authority. | • Farmers taking loans under the scheme should have being regular 3 year crop loan repayments from banks/Society. | |
• Letter of acceptance of all terms and conditions of credit limit. | • Farmers who are getting the benefit of PM Kisan Yojana can take loan under the scheme. | |
• Should not have any overdue loan from any other bank | ||
• Farmers who are sanctioned loan under Rajat Mahotsavi Krishi Pat Maryada Yojana will not be eligible to take loan under this scheme. | ||
• The sanction rate on agricultural area will be ₹ 7,000/- per acre. | ||
• The credit limit will remain at a maximum of ₹ 50,000/- only. | ||
• Applicant can withdraw up to 90 percent of the sanctioned limit and 10 percent of the amount has to be reserved for interest recovery. | ||
• Cash credit loan should be renewed on 31st January every year. | ||
• 7/12 has to be recorded as a burden in the name of the bank. | ||
• Interest will be charged monthly. | ||
• No refund of interest will be applicable. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Farmers/ Businessmen | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • Should have a regular savings/current account. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • The loan limit is up to ₹10.00 lakhs and the applicant should have 15 to 40 percent self-investment as per the project report/quotation/loan demand. | |
• Along with the loan proposal, the project report received from the Agriculture Department should be submitted. | • Applicant’s CIBIL score should be above 700. | |
• The permanent property should belong to the applicant or co-applicant. (Consent on ₹100 stamp paper if co-applicant has permanent property.) | • The loan tenure will be 5 years | |
• Non-agricultural/Gaon Namuna 8 A/Gavthan/Property Mutation (Akhiv Patrika) of Property. | • The loan shall have two competent guarantors. | |
• Last 3 years income tax return if guarantor is professional | • Courtesy of “The Gadchiroli District Central Co-operative Bank Limited, Gadchiroli Branch—–” plaque will have to be put up under the Pradhan Mantri Micro Food Industry Upgradation Scheme. | |
• Salary slip and bank account statement if guarantor is salaried. | • The repayment period of the said loan will be 5 years | |
• Non-agricultural/Gaon Namuna 8 A/Gavthan/Property Mutation (Akhiv Patrika) has to be registered as burden in the name of the bank . | • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | |
• Agreement/Guarantee on stamp paper of ₹100 | • The material amount will be paid to the seller through RTGS/NEFT/DD. | |
• Business Base Industry Certificate | • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. | |
• Authorized dealer quotation. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Farmers/ Businessmen | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • Should have a regular savings/current account. | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • The loan limit is up to ₹5.00 lakh and the applicant has to provide 15 percent self-investment as per the project report/quotation/loan demand. | |
• Along with the loan proposal, the project report received from the General Manager, District Industries Center should be submitted. | • Applicant’s CIBIL score should be above 700. | |
• The permanent property should belong to the applicant or co-applicant. (Consent on ₹100 stamp paper if co-applicant has permanent property.) | • The loan tenure will be 5 years | |
• Non-agricultural/Gaon Namuna 8 A/Gavthan/Property Mutation (Akhiv Patrika) of Property. | • The loan shall have two competent guarantors. | |
• Last 3 years income tax return if guarantor is professional | • Courtesy of “The Gadchiroli District Central Co-operative Bank Limited, Gadchiroli Branch—–” plaque will have to be put up under the Pradhan Mantri/Chief Minister Employment Generation Program Scheme. | |
• Salary slip and bank account statement if surety is salaried. | • The mortgage and encumbrances have to be registered in the name of the bank. | |
• Agreement/Guarantee on stamp paper of ₹100 | • The bank reserves the right to change or introduce new terms and conditions. | |
• Business Base Industry Certificate. | • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | |
• Authorized dealer quotation. | • The material amount will be paid to the seller through RTGS/NEFT/DD. | |
• Age limit 18 to 50 years | ||
• Educational Qualification is Minimum 8th pass | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Farmers/ Businessmen | • Loan Demand Application | • The applicant should be a resident of the district. |
• Aadhaar Card/PAN Card and updated photographs of applicant, co-applicant and guarantor | • The applicant's farm should be in the district | |
• Nominal membership fee (applicant, co-applicant and guarantor) | • Should have a regular savings/current account. | |
• The loan balance certificate of the institution of which the applicant is a member has to be attached with the loan application. | • The member should be an farm land holder and a member of a service co-operative society, if such a member keeps the goods produced by him in a warehouse, the loan can be taken against the security of such warehouse receipt. | |
• Loans will not be given on pledge of perishable goods and cotton, loans will be given on food grains, oilseeds,Pulses. | ||
• Maximum of ₹1,00,000/- and 75 percent of the mortgage receipt, whichever amount is less, can be given as a loan to member. Borrower member can get equal additional class of amount of crop loan to repay the loan. | ||
• The loan will be given keeping the difference between the price shown in the receipt of the agricultural commodity kept in the warehouse or the market price of the same commodity in the market whichever is less. The margin will be changed according to the guidelines decided by the Reserve Bank regarding whether to give or not to give margins as per instructions issued by the Reserve Bank from time to time. | ||
• In all types of recoverable loans with the member, the amount of advance given to the member will be recovered. | ||
• The loan tenure will be maximum 6 months and minimum 1 month If the loan is repaid within 1 month, ₹50 will be charged as contingency. | ||
• Interest will be charged every 3 months at the end of September, December, March and June, but if the loan is repaid in between then the interest will be charged till that date. | ||
• The warehouse receipt have to mortgaged in the name of the bank. | ||
• The agricultural produce kept in the warehouse should not have been produced more than three to four months before the time of taking the loan. | ||
• If the loan defaults, the member will be given a notice to pay the loan. If the member does not fully pay the mortgage loan with interest within the time specified in the notice, the bank will have the right to seize the mortgaged goods from the warehouse and sell the goods in the market to recover the loan with interest and expenses. | ||
• The loan will be disbursed after the member submits the promissory note and loan bond to the bank before taking the loan, The loan amount will be deposited in his savings account in the branch and he should withdraw the amount from that account as per requirement. | ||
• While lending against mortgage receipt the distance must be maintained as follows. (a) Food grains- 25 percent (b) Pulses- 30 percent (c) Oilseeds- 40 percent |
||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Farmers/Agricultural Labourers/Professionals | • Loan Demand Application | • The member of the joint liability self-help group should be a resident of the district. |
• Joint photograph of members and Aadhaar Card/PANCARD | • Should have a regular savings/current account. | |
• A nominal fee from each member | • The loan will be repaid in equal monthly installments. | |
• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | ||
• Only one family member will stay in one group. | ||
• A joint group will have a minimum of 4 and a maximum of 10 members. | ||
• Members will be eligible to take loans as per their needs and capacity. | ||
• Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Farmer/Agricultural Labourer/Professional/Woman | • Loan Demand Application | • The member of the self-help group should be a resident of the district. |
• Joint photo and Aadhaar card of members | • A group regular savings account should be a regular account. | |
• Nominal membership fee of the self-help group | • Only one family member will stay in one group. | |
• M.S.R.L.M. Office letter. | • Minimum 10 and maximum 20 members will participate in the self-help group. | |
• Members will be eligible to take loans as per their needs and capacity. | ||
• Group record should be updated. | ||
• A member of a self-help group should not be a member of another group. | ||
• Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Farmer/Agricultural Labourer/Professional/Woman | • Loan Demand Application | • The member of the self-help group should be a resident of the district. |
• Joint photo and Aadhaar card of members | • A group savings account should be a regular account. | |
• Nominal membership fee of the self-help group | • Only one family member will stay in one group. | |
• Minimum 10 and maximum 20 members will participate in the self-help group. | ||
• Members will be eligible to take loans as per their needs and capacity. | ||
• Group record should be updated. | ||
• A member of a self-help group should not be a member of another group. | ||
• Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
Eligibility | Required documents | Terms and Conditions |
---|---|---|
Salaried Employees Co-operative Societies | • Loan Demand Application (with resolution of the Board of Directors of the Institution) | • The scope of the organization should be limited to Gadchiroli district. |
• Financial year slips have to be submitted while renewing the cash credit loan. | • Regarding the cash credit limit, 80% of the outstanding (current) loan from the members of the organization as on 31st March of the respective year minus the bank loan amount, will be eligible for loan sanction. | |
• Non Over Due Cover(NODC) statement has to be taken from the institution every month. | • The organization will have to purchase bank shares equal to 5 percent of the sanctioned credit limit. | |
• The organization has to submit financial statements of previous months, list of delinquent members and loan disbursement, recovery sheet to the branch within 10th of every month. | • The organization has to deposit the full amount of loan recovery to the cash credit account. Also, all transactions will have to be done from the cash credit account. | |
• Amounts can be withdrawn from this loan account for disbursement of loans approved by the managing committee of the organization on the cash credit limit as per the provisions of the bye-laws and also for the regular expenses of the organization. | ||
• The organization will be required to invest the entire savings fund in savings fund investment. | ||
• Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
• Interest will be charged every month. The bank reserves the right to change the interest rate from time to time. | ||
• Under no circumstances shall the Society grant any loan to any member in excess of the provisions of the Bye-laws of the Society. | ||
• Cash credit loans should be renewed on 31st January every year. | ||
• The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
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