Loan Services

Example :

• Deposit amount = 1,00,000/-
• Loan amount = 85000/-
• Interest Rate on Term Deposit = 8 %  (A)
• Loan interest on Term Deposit = 2 %  (B)
• Total loan interest applicable = 10%. (A) + (B)

Period/Type	Rate of Int.
Loan on Term Deposit 75% of deposit.	2% above the rate of interest on Term Deposit

Period/Type	Rate of Int.
Gold Loan 4000/- per gram	11.50%

Loans on salary deduction : @ of 10.95% maximum 25 lakhs for a period of 18 years.

Loans on non salary deduction: @12.50% maximum 5 lakhs for a period of 10 years.

Loans on Pigmy deposit : @ 10% maximum 75% of deposit amount.

General loan formalities/requirements

Personal Loan

• Salary deduction- Government employees
• Maximum loan amount Rs.3,00,000/-
• Existing rate of interest 10.95% (Reducing)
• Maximum repayment period is 18 years
• Loanee with salary certificate and 2 sureties must with pay i slip/salary certificate .Documents required: –
• Loan application provided by bank
• Income/Expenditure form provided by bank
• Salary certificate of loanee with foot note saying loan amount to be availed from The Women’s Co-operative Bank.
• Salary Certificate of sureties with foot note saying standing surety to- for loan amount from The Women’s Co-operative Bank Ltd.
• Photos of applicant and sureties
• Xerox copy self-attested of Aadhaar card and PAN Card
• LIC Policy or SBI Life Insurance of full Loan amount availed.

House Repair Loan

• Maximum loan amount Rs.6,00,000/-
  Same requirements as that of personal loan
  Additional documents required: –
• NOC provided by Bank to be signed by house owner.
• House tax receipt or electricity bill xerox.
• Quotation of minimum 6,00,000/- and above.

Purchase of New House or Flat

• Maximum Rs.60,00,000/-
• Rate of Interest 10.50% (floating)
• Same requirements as that of personal loan.
  Additional documents required: –
• Valuation report by banks valuer
• Banks advocates documents scrutiny
• Xerox copies of all documents
• Sale deed etc
• Registered Mortgage or Equitable mortgage etc
• Last 3 years returns

Vehicle loans

• Same requirements as that of personal loan
  Additional documents required: –
• Proforma Invoice
• Loan amount is 85% of Road price
• Private vehicles
• Commercial vehicles

Personal Loan- Without salary deduction, Private Employees

• Loan amount Rs.3,00,000/-
• Rate of Interest 12.50%
• Same requirements as that of personal loans
• LIC is must
• Maximum repayment period 5 years

House repair – Without salary deduction, Private Employees

• Loan amount Rs.2,00,000/-
• Rate of Interest 12.50%
• Same requirements as that of house repairs
• LIC is must
• Maximum repayment period 5 years

Business Loans

• Upto 10 lakhs
• Above 10 lakhs , maximum 25 lakhs
• Rate of interest 12.50% & 13.50
• Last 3 years returns

Period/Type	Rate of Int.
House Repair upto 6 lakhs with deduction	10.95%
House Repair upto 2 lakhs without deduction	12.50%
New House /Flat upto 60 lakhs Floating	11.00%
Personal Loan upto 3 lakhs with deduction	10.95%
Personal Loan upto 3 lakhs without deduction	12.50%
Business(Weaker Section) upto Rs. 1,00,000/- with deduction	11.30%
Business - Upto 10 lakhs	12.50%
Business - Above 10 lakhs	13.50%
Vehicle loans on Road price - For Private repayable within 5 years	7.00%
Vehicle loans on Road price - For Private repayable within 7 years	7.50%
Vehicle loans on Road price - For Commercial repayable within 5 years	7.00%
Vehicle loans on Road price - For Commercial repayable within 7 years	7.50%