Self-employment loan schemes are designed to offer financial support for businesses or self employed individuals. The loan amount is sanctioned only by pledging any immovable property of the Loanee/Guarantor.
Eligibility
- ‘A’ Class Membership in Areekode Service Co-operative Bank
- Security - Immovable Property of Loanee / Guarantor
Documents Required
- Loan Application
- Land Documents ( Aadharam, Adiyadharam, Pattayam)
- Possession Certificate
- Encumbrance Certificate ( Last 15 Years )
- Land Tax Receipts
- Certified Location Map From Village Officer
- ID Proof of Loanees
- Legal Report
- 2 Copy of Passport Size Photo (Loanee)
The bank will sanction a maximum of ₹ 5,00,000 at a 10.00% p.a (monthly remittance) interest rate. The repayment period is 60 months.