Linkage loan is a special type of loan provided to neighborhood groups like Kudumbasree for handling multiple activities. This loan is sanctioned under the surety of the concerned authority.
Eligibility
- ‘A’ or ‘D’ Class Membership in Areekode Service Co-operative Bank
- Security - surety from the concerned authority
Documents Required
- Loan Application
- Resolution From NHg’s
- ID Proof of Loanees
- Agreement
- 2 Copy of Passport Size Photo (Loanee)
The bank will sanction a maximum of ₹ 10,00,000 at a 9.00% p.a (monthly remittance) interest rate. The repayment period is 12 months.