On the joint and several responsibilities of the borrowing member and one or more members standing surety for him, the maximum loan that can be granted at present is 20 Lakhs @10 %.
Education loan is given for the purpose of higher education, tuition fee for the professional course, Foreign studies of the Children with one or member standing surety for him. The member has to produce the fee demand notice from the college and the amount will be paid directly to the college. The maximum education loan that can be granted at present is 12 lakhs @9.25%.
Immovable Property loan shall be granted for the purpose of purchase of residential Site/house/flat/ extension of house/mortgage of property by the member. The property will be subject to legal scrutiny by our panel advocate and valuation by our panel valuer. 75% of the valuation amount or 25Lakhs @9.25%( Whichever is lower) loan shall be granted on the mortgage of the property documents.
At present Cost of the Vehicle for the purchase of two-wheeler and up to twelve Lakh @9% for the purchase of four-wheelers is given.The vehicle should be used by the loanee for his/her personal use.
On the joint and several responsibilities of the borrowing member and one or more members standing surety for him, the maximum loan that can be granted at present is 5 Lakhs @10%.
On the joint and several responsibilities of the borrowing member and one or more members standing surety for him, the maximum loan that can be granted at present is 2 lakh@10% maximum repayment term 15 months
# | LOANS | INTEREST |
---|---|---|
1 | SURETY LOAN | 10% |
2 | SARAL LOAN | 10% |
3 | VEHICLE LOAN | 9% |
4 | IMMOVABLE PROPERTY LOAN | 9.25% |
5 | EDUCATION LOAN | 9.25% |
2021 All Rights reserved |The Comptrollers Office Co Operative Bank Ltd. | Site by Integrain