ST LOAN NON - AGRICULTURE SECTOR (HCC - PCC)

MT LOAN NON AGRICULTURE

MT/ CC SALARY EARNERS STY.

MT LOAN TO URBAN CO-OP STY.

MT LOAN/ CCC To VKSS STY, FOR ONWARD LENDING OTHER THAN AGRICULTURE PURPOSE

HOUSING LOANS (LT/ MT) (INCLUDING GHARKUL SCHEME)

LOAN AGAINST NSC

ADVANCE AGAINST GOLD ORNAMENTS

M.T. CAR LOAN SCHEME

LOAN TO CORPORATE BODIES

LOAN TO SALARIED PERSONS PERSONAL LOAN SCHEME(DIRECT RECOVERY THROUGH SALARY OF APPLICANT/ SALARY SAVINGS A/ CS)

LOAN TO PURCHASE 2ND HAND VEHICLE/ MACHINER/ VESSEL

MORTGAGE LOANS

MT SPECIAL TWO WHEELER/ CAR LOAN SPECIAL SCHEME

PERSONAL LOANS SCHEME

• Individuals, Partnership Firms and Companies.

Purpose:

• Consumption, Business, Housing, Education, Medical Expenses, Ceremonial, Repayment of Debts, etc.

Loan Limit:

• Maximum limit is 25.00 lakh

Security :

• Mortgage of immovable property such as Plot of Land (not being agricultural / Orchared /garden), House, Flat, Bunglow, Row house, Villa, Shop, etc.

Sureties :

• Two guarantor

Margin :

• 25%.

Amount of Loan :

• Upto 50% of the value of security offered and subject to credit exposure limit.

 Rate of Interest :

Repayment Period :

• Upto 7 years

Other requirements :

• Legal Title Report of the security offered – to be obtained from Banks approved legal advisor.
• Valuation of the security offered – to be obtained from Banks approved Valuer.
• Copies of B/S, P/L A/c, I.T. Returns for last 3 years.

Documentation :

• Photograph
• Proof of identity.
• Loan Application in the prescribed form.
• Joint & Several Demand Promissory Note.
• Agreement for loan.
• Mortgage deed, Memorandum of Deposit of Title deeds/Share Certificate issued by Co-operative Housing Society/NOC from Co-operative Housing Society to mortgage the flat/Title verification report from the bank approved legal advisor/Valuation Report/Up-to-date Nil Encumbrance Certificate/Hypothecation/Assignment of LIC Policies or any other tangible security acceptable to the Bank.
• Agreement for salary deduction u/s 45 of The Goa Co-op Societies Act 2001 if borrower/surety is/are salaried persons.
• The financed unit/securities should be comprehensively insured against all possible risks.
• Any other document depending on the purpose/security of the loan.
• Details of Mortgaged Property and hypothecated assets shall be registered with CERSAI.