Eligibility
- A Class Membership in Areekode Service Co-operative Bank
Security
- For principal amount up to ₹50,000, requires only the surety of 2 ’ A Class’ Members
- For a principal amount above ₹ 50,000, the borrower needs to pledge the immovable property of the loanee/guarantor
Documents Required
The following are the documents required for the principal amount above ₹ 50,000.
- Loan Application
- Land Documents ( Aadharam , Adiyadharam , Pattayam )
- Possession Certificate
- Encumbrance Certificate ( Last 15 Years )
- Land Tax Receipts
- Certified Location Map From Village Officer
- Legal Report
- ID Proof of Loanee
- Copy of Passport Size Photo (Loanee)