Ambalapara Service Co-operative Bank Ltd.Loans
Gold Loan
This scheme provides loan against the security of gold ornaments at low rate of interest.
You can avail Gold loan whenever you need funds for education of children, business expansion, down payment for purchase of property or automobile, medical emergency, holiday with family, agricultural needs etc.
| Maximum amount : | Rs.20 Lakhs |
| Eligibility: | C Class Membership |
| Repayment duration: | 3 months / 1 year |
| Interest rate: | 3 months : 11% p.a / 1 year : 11.5% p.a |
| Sureties: | Gold ornaments |
| Service charges: | Insurance charges |
Documents Required:
1. Proof of Identity(Election Id / Aadhaar Card / Driving License / Passport)
2. Copies of above documents.
3. Two copies of latest photographs
Agriculture Gold Loan
Gold loan for agriculture is provided to a farmer to fund seasonal agricultural operations or related activities against the security of gold ornaments.
| Maximum amount : | Rs. 3Lakhs |
| Eligibility: | C Class Membership |
| Repayment duration: | 6 months |
| Interest rate: | 7% p.a |
| Sureties: | Gold ornaments |
| Service charges: | Insurance charges |
Documents Required:
1. Proof of Identity(Election Id / Aadhaar Card / Driving License / Passport)
2. Copies of above documents.
3. Two copies of latest photographs
Housing Loan
Housing loan is available for construction of new house, purchase of new house or house site and extension or renovation of exising house.
| Maximum amount : | Rs. 40 Lakhs |
| Eligibility: | A Class and D Class Membership |
| Repayment duration: | 10 years |
| Interest rate: | 12% p.a |
| Sureties: | Means acceptable to the bank |
| Service charges: | 2% of the loan amount |
Documents Required:
1. Plan and Estimate of the building proposed to be constructed duly certified by a competent authority.
2. Proof of Identity(Election Id / Aadhaar Card / Driving License / Passport)
3. Address Proof
Mortgage Loan (LMT)
This scheme provides loan 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.
| Maximum amount : | Rs. 20 Lakhs |
| Eligibility: | A Class and B Class Membership |
| Repayment duration: | 10 years |
| Interest rate: | 12% p.a |
| Sureties: | Means acceptable to the bank |
| Service charges: | 2% of the loan amount |
Documents Required:
1. Original title deed
2. Copy of prior title deed
3. Purchase certificate
4. Tax Receipt
5. Posession certificate
6. Encumbrance certificate
Business and Overdraft Loan
An overdraft is a credit facility permitting an individual to withdraw money from the current account even in case of zero balance. This overdraft facility is useful for fulfilling short-term business objectives and requirements and during emergencies.
Kudumbasree Loan
Loan for Self Help Groups / Kudumbasree members.
| Maximum amount : | Rs. 5 Lakhs |
| Eligibility: | A Class and D Class Membership |
| Repayment duration: | 5 years |
| Interest rate: | 10% p.a |
| Sureties: | Means acceptable to the bank |
| Service charges: | NIL |
Documents Required:
1. Proof of Identity(Election Id / Aadhaar Card / Driving License / Passport)
2. Address Proof
3. PAN Card
3. Two copies of latest photographs