LOAN SCHEMES
Home » Loans
AGRICULTURE LOAN
Beneficiary | Farmers |
Purpose | Production of Crops |
Loan Limit | As per Land Holding and Scale of finance. |
Rate of Interest Subsidy | Click Here |
Repayment Period | Half yearly linked with harvesting. |
Collateral Security | Nil. |
Beneficiary | Farmers |
Purpose | Investment credit for installation of pump set, purchase of Agriculture implements, land reclamation, construction of bunds, polutry, piggery, purchase of mich cattle, gobar gas plant. |
Rate of Interest* | Click Here |
Loan Limit | As per land holding and scale of finance |
Repayment Period | Five Years |
Collateral Security | As per scheme. |
Beneficiary | Any individual farmer holding the agricultural land. |
Purpose | Credit facility for meeting out socio-economic needs |
Loan Limit | Maximum amount RS 15.00 lakhs or RS 1.50 lakh per acre. |
Rate of Interest | |
Margin | No Margin required. |
Repayment Period | Renewable on annual basis. |
Collateral Security | Agriculture Land valuing at 150% o f the Loan amount. |
DAIRY LOAN
Beneficiary | Members of Coop. Milk Producers Societies. |
Purpose | Purchase of maximum 2 miltch cattle. |
Loan Amount | Maximum amount uptoRs. 1.00 lac |
Rate of Interest | Click Here |
Repayment Period | Maximum 5 years in equated monthly or quarterly installments with option of 3 months moratorium as per requirement |
Collateral Security | No Guarantee for loan upto Rs.50,000/- or for one animal. For loan more than Rs.50,000/- or more than one animal:- guarantee by one person who should be nominal member of the bank. The guarantor should be the owner of at least one acre of agricultural land or a govt./ semi govt/ board/ corporation/ cooperative employee having remaining service more than the tenure of loan. |
Beneficiary | Any Individual, Partnership Firm, Corporate body and any other Cooperative organization. |
Purpose | To increase the income of milk producers by helping them to purchase High yielding milch cattle, construction of shed and to purchase of equipments & minimum 10 milch cattle. |
Loan Amount | Maximum amount up to RS. 15.00 Lakhs. |
Rate of Interest | Click Here |
Repayment Period | Maximum 9 Years. |
Collateral Security | Mortgage of landed property value of 150% of the loan amount. Guarantee of two persons who shall be nominal members of the bank. |
Beneficiary | Members of Coop. Milk Producers Society/ PACS. |
Purpose | Purchase of upto 10 Milch cattle. |
Loan Limit | Maximum amount RS. 5.00 Lakhs @ RS. 0.50 lakh per animal |
Rate of Interest | Click Here |
Repayment Period | Maximum 5 Years. |
Collateral Security | Mortgage of landed property value of 150% of the loan amount. Also guarantee of two persons who shall be nominal members of the banks. |
EDUCATION LOAN
Â
Beneficiary | Salaried employees of Coop. banks, Punjab Govt./Chandigarh Administration and its boards and corporations. |
Purpose | To provide financial assistance to deserving and meritorious student for pursuing higher studies in India or abroad. |
Loan Limit | Maximum amount up to RS. 15.00 Lakh. |
Rate of Interest | |
Margin | No margin required. |
Repayment Period | The instalment will start after completion of course or Maximum 5 years. |
Collateral Security | Mortgage of landed property value of 150% of the loan amount. For the loan up to Rs. 5.00 lac, no Immovable security is required. If the loanee is the employee of Punjab Govt. or Coop. Deptt. etc. one guarantors known to the bank will also be taken. under taking under sect.39 of coop society Act 1961. |
EMPLOYEE LOAN
Beneficiary | Employees of Punjab Govt., PSU, Boards, Corporations etc. |
Purpose | Credit Facility for meeting out socio-economic needs. |
Loan Limit | 15 times of gross monthly salary or RS. 6.00 lakh, whichever is less |
Rate of Interest | |
Repayment Period | Maximum 7 years. |
Collateral Security | One Good Sureties as per satisfaction of the bank |
Beneficiary | Permanent employee of organised sector where provident fund is deducted |
Purpose | For the establishment of cottage, tiny and SSI unit. |
Loan Limit | 10 times of gross monthly salary or 75% of cost of article to be purchased or Rs. 2.00 lac whichever is less. |
Rate of Interest | |
Repayment Period | Maximum  5 years. |
Collateral Security | One Good Sureties as per satisfaction of the bank |
HOME LOAN
Beneficiary | Individuals & members of coop. Housing Societies. |
Purpose | Purchase of built up house, construction of new house, repairs/Renovation and addition of existing house in rural house |
Loan Limit | Maximum amount up-to Rs. 15.00 Lac |
Rate of Interest | |
Repayment Period | Maximum 15 years |
Collateral Security | Agricultural Land for the value of the 100% of the loan amount besides the Mortgage of house to be financed by the bank. Two good sureties to be taken and under taking under sect.39 of coop socs. Act 1961. |
Beneficiary | Individuals and Members of Coop. Housing Societies. |
Purpose | Purchase of built up house or flat, construction of new house, repairs/renovation and addition of existing house in urban house. |
Loan Limit | Maximum amount up-to Rs. 15.00 Lac. |
Rate of Interest | Click Here |
Repayment Period | Maximum 15 years. |
Collateral Security | First mortgage of House Property to be financed by the bank |
Beneficiary | Any Individual farmer holding the agriculture land. |
Purpose | To grow the seasonal vegetables. |
Loan Limit | Maximum amount Rs 90000/-. |
Rate of Interest | Click Here |
Repayment Period | Maximum 5 years. |
Collateral Security | No collateral security required. Only two sureties required. |
LOAN AGAINST PROPERTY/RENTAL INCOME
Beneficiary | Owners of the Property who have let out or proposed to be let out the same to reputed company. |
Purpose | For meeting business/personal needs. |
Loan Limit | Maximum to the extent of 50% of post TDS Rent Receivable for a period. Not exceeding 120 months or un- expired period of lease or Rs 25.30 Lac whichever is less. |
Rate of Interest | |
Repayment Period | Maximum 10 years. |
Collateral Security | Mortgage of landed property value of 150% of the loan amount. |
MAI BHAGO / BHAI LALO SCHEME
Beneficiary | Any women beneficiaries’ member of the PACS |
Purpose | To establish the micro or small business in rural areas. |
Loan Limit | RS. 25,000 through PACS. |
Rate of Interest | |
Margin | No margin required. |
Repayment Period | Maximum 5 years. |
Collateral Security | One good Surety having landed property. |
Beneficiary | Any men/women beneficiaries’ member of the PACS |
Purpose | To establish the micro or small business in rural areas. |
Loan Limit | RS. 25,000 through PACS. |
Rate of Interest | |
Margin | No margin required. |
Repayment Period | Maximum 5 years. |
Collateral Security | One good Surety having landed property. |
NON FARM SECTOR LOAN
Beneficiary | Individual, Sole Prop., Firm, Coop. Societies or a Company |
Purpose | For the establishment of cottage, tiny and SSI unit. |
Loan Limit | Maximum amount up to RS. 15.00 lakhs at CCB Level. |
Rate of Interest | Click Here |
Repayment Period | Maximum 5 to 7 Years |
Collateral Security | Immovable Properties for the value of 150% of the loan amount. |
Beneficiary | Individual, Sole Prop., Firm, Coop. Societies or a Company. |
Purpose | For the meeting working capital requirement of business. |
Loan Limit | 15 Lakhs |
Rate of Intt. | |
Repayment Period | Renewable on annual basis. |
Collateral Security | Immovable Properties for the value of 150% of the amount. |
VEHICAL LOANS
Beneficiary | Individual, Sole Prop., Professionals and Partnership Firm. |
Purpose | For the purchase of second hand vehicle should be not more than 4 years. |
Loan Limit | Maximum amount up-to Rs. 5.00 Lac or 75% of cost of vehicle or 1.5 times of annual income whichever is less. |
Rate of Intt. | |
Repayment Period | Maximum 5 years. |
Collateral Security | Two Good Securities as per satisfaction of the bank besides the hypothecation of the vehicle. |
Beneficiary | Individual, Sole Prop., Professional and Partnership Firm. |
Purpose | For the purchase of second hand vehicle should not be more than 4 years |
Loan Limit | Maximum amount up to RS. 5.00 Lakhs or 75% of cost of vehicle. |
Rate of Intt. | |
Repayment Period | Maximum 5 years |
Collateral Security | Two Good Sureties as per satisfaction of the bank besides the hypothecation of the vehicle. |
Beneficiary | An agriculturist (KCC member of PACS) |
Purpose | For the purchase of new two wheelers. |
Loan Limit | Maximum amount up-to Rs. 0.75 Lac or 85% of on-road cost of vehicle, whichever is less. |
Rate of Intt. | |
Repayment Period | Maximum 5 years. |
Collateral Security | Hypothecation of vehicle, one Good Sureties as per satisfaction of the bank. |
EARNEST MONEY SCHEME
Beneficiary | Any Individual. |
Purpose | To meet the financial requirement towards earnest money deposit to book residential plot/built house or flat by Govt. Approved agency. |
Loan Limit | As per the scheme of the agency. |
Rate of Interest* | Click Here |
Margin | No margin money required. |
Repayment Period | On Receipt of refund from housing board. |
Collateral Security | No immovable Security is required. Only two post dated cheques are required. |
Â
Various New SCHEMES
Â
Beneficiary | Individual/Partnership/Private LTD company facility for working capital requirement |
Purpose | To facilitate business |
Loan Limit | Maximum Rs. 5 lakhs |
Rate of Interest* | Click Here |
Repayment Period | Five Years. |
Collateral Security | Hypothecation of Primary Security, Collateral Security : 150% of loan amount |
Beneficiary | Individual/entity |
Purpose | For solar Rooftop infrastructure |
Loan Limit | Maximum Rs. 5 lakhs for an individual and Rs. 15 lakhs for Institutions |
Rate of Interest* | Click Here |
Repayment Period | Five Years. |
Collateral Security | Mortgage of immovable property (150% collateral) in case of loan amount is more than Rs. 1 lakh. In case of salaried individuals, no collateral security is required. under taking under sect.39 of coop soc. Act 1961. |
Beneficiary | 4 individuals having same economic background |
Purpose | For Meeting Socio-Economic needs |
Loan Limit | Minimum amount Rs.25000/- per member & Maximum amount Rs. 50000/- per member |
Rate of Interest* | Click Here |
Repayment Period | Maximum 30 months. |
Collateral Security | No collateral security required. Only mutual Guarantees. |
Beneficiary | Individual/transport operator having a valid driving licence |
Purpose | To create employment opportunity |
Loan Limit | Maximum Rs. 1 lakh |
Rate of Interest* | Click Here |
Repayment Period | 36 months |
Collateral Security | Hypothecation of E-Rickshaw |