Services

Business loans are designed to meet the unique business needs of small firms to large-scale companies. Individuals engaged in business/professionals and self-employed persons can apply for this business loan. The purpose of this loan includes:

• Working capital finance for traders/manufacturers/service providers
• Any Productive Business Purpose /Purchase of Fixed Assets/ Project Loans, etc.
  

Eligibility

• ‘A’ or ‘D’ Class Membership in Areekode Service Co-operative Bank
• Security - Surety of 2  Members with 1 Panchayath License    

Documents Required

1. Loan Application
2. License of the business ( LSG’s)
3. ID Proof of Loanees and Sureties 
4. 2 Copy of Passport Size Photo (Loanee)

The bank will sanction a maximum of ₹ 1,00,000 at a 12.00% p.a (monthly remittance) interest rate. The repayment period is 12 months.