PURPOSE:

Purchase of vehicles

Documentation: (New Vehicle)

• Quotation
• Two Co-obligant
• Driving license

Documentation: (Old Vehicle)

• Two co-obligant
• Copy of registration of certificate of the vehicle
• Copy of insurance package policy of the vehicle
• Valuation report from approved valuer of the co-operative
• A collateral securities of RTC OR LIC Policy

PURPOSE:

DRP Loan may be granted working capital for business unit for house repair/ renovation, repair of vehicles, medical expenses, business, education, marriage,religious ceremonies and other consumption purposes.

Documentation:

• The sahakari may insist for hypothecation of stock.in addition borrower shall give 2 signed cheques with writing the loan amount in the name of the sahakari of nationalized bank.
• The applicant must have MNND A/C and it can be opened before 3 months from the applicants

Purpose:

• Purchase of immovable property
• Constructions of dwelling house.
• Construction,renovation,repair of commercial building
• Development of immovable property such as compound wall,sinking and repair of well prevention of land erosion etc
• Business of cottage and small scale industries
• Constructions of residential houses/ renovation of residential houses.

Documentation:

• Original records of the land and concerned RTC's
• NOC, EC,Sketch
• Property tax paid receipts
• Two members co-obligant
• Valuation report by approved valuer of co-operative,legal openion on title to property from co-operatives approved advocates.
• Collateral securities stipulated by the discretion of the loan sanctioning authority
• Loan amount will be vary on the basis of the types of loan repayment:a maximum of 5 years period will be given to the repayment of loan.

Purpose:

• Purchase of immovable property
• Construction/repair of building/residential houses
• Business
• Small scale industries and cottage industries
• Social and religious ceremonies
• Medical expenses
• Education
• Other consumption purpose

Required

• NSC/GPN Transfer/pledge from for each NSC/GPN/LIC Policies
• Irrevocable letter of authority to receive interest of the NSC/GPN
• Statement showing the NSC/GPN NO.maount,total value pledged to the sahakari In addition to the original NSC to be submitted at the time of the applicant of loan.
• Statement showing surrender value by the insurance authority.

Purpose:

Surity loans may be granted for house repair/renovation, repair of vehicles, medical expenses, business small scale industries, education, marriage, social and religious ceremonies and other consumption purposes.

Required

In addition to the surities the sahakari may insist on collateral securities such as insurance policies, vehicle property, govt.securities, fixed deposit receipts, national saving certificates,salary undertaking etc.

Purpose:

• Purchasing of jewels of shg members
• Purchasing of vehicles of shg members.
• For the purpose of the self-employment of shg member
• For construction and renovation of house of shg member
• For medical purpose of shg members
• For the purpose of childrens education shg members
• For marriage purpose of shg member

Required

The following additional securities can be obtained if the indivisual member applied more than 50000/-

• Title deeds of the property
• Hypothecation of vehicles
• Assignement of insurance policies.