Kuruvattoor Service Co Operative Bank Ltd,

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0495 2810262

MORTGAGE LOAN

This scheme provides loan/overdraft facility against mortgage of property at low rate of interest. The scheme is for people engaged in trade, commerce & business and also professionals & self employed, Prop. Firm, partnership firm, companies, NRIs and individuals with high net worth including salaried people, agriculturists and staff members.
The product provides an opportunity to customers to borrow against a fixed asset (mortgage of property) at a short notice without much paper work/attendant hassles.

The loan amount can be used for any purpose but shall not be used for purposes prohibited by law. The property should be in the name of Applicant or Co-applicant of family member.

DETAILS OF THE LOAN

MAXIMUM AMOUNT

Rs. 5.00 Lakhs

ELIGIBILITY

A Class or C Class Membership

REPAYMENT

3/6/9 Months

INTEREST RATE

(3-5/months) 13%, (6-9/months) 14.5%

SURETIES

NIL

SERVICE CHARGES

NIL

OTHER CHARGES

Notice Charges, Insurance Charge

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