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

Eligible borrower :

• Individuals, HUF, partnership firm

Limit of Loan:

• Maximum limit is Rs.25.00 Lakh.

Purpose:

• Purchase of Flat, Completion of House, Alteration, Reconstruction, Extension
  New Construction of House under Gharkul Scheme.

Security :

• Mortgage of House/Flat along with plot. Collateral security of deposits, LIC policies, NSCs, KVPs, vehicles, etc. may be obtained depending on the risk perspective.

Sureties :

• Two guarantor

Margin :

• Vary from 10% to 25% depending upon the nature of activities undertaken by Borrower.

Amount of Loan :

• Up to 75% of the project cost and subject to credit exposure limit/ RBI guidelines.

Rate of Interest:

Repayment Period :

• Maximum EMI through salary deduction period of 20 years or as per date of retirement whichever is less (including Gharkul scheme, Purchase of flat / completion of House, Alteration, Reconstruction, Extension) & (for No salary deduction & other professionals / businessman) Maximum EMI period is 15 years (including Gharkul scheme, Purchase of flat / completion of House, Alteration, Reconstruction, Extension)

Other requirements :

• Quotations/estimates, permission/ license/ approvals from competent authorities like Health Dept., Water/Electricity Dept., Municipality/Panchayat, etc. – wherever applicable, copies of approved plans form TCP, Construction License, Sale deed of land.
• Copies of B/S, P/L A/c, I.T. Returns for last 3 years.

Documentation :

• Photograph
• Proof of identity, Pan Card, Aadhar Card, Voters ID Card/ Passport
• 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.
• Affidavit as specified by RBI.
• Irrevocable power of attorney in prescribed format.
• Details of Mortgaged Property and hypothecated assets shall be registered with CERSAI.