Sri Rama Co-operative Bank Limited

Who can Borrow	Individual
Purpose	For any legitimate purposes
Max .Finance available	Upto Rs.10.00 lacs for members Upto 1 lakh for nominal member
Security	Pledge of Gold Ornaments
Margin	75% of Market Price.
Repayment	1. Maximum finance upto 10 lacs for members and Maximum 12 Months 2. Bullet repayment upto to 2 lakhs Maximum 12 months only interest can be paid. 3. All Gold Loan a/cs to be closed on or before due date.
Appraisal Charges	As applicable
Processing Charges	Nil
Prerequisites	1. Application form along with KYC documents, Income Proof of the applicant/s (SAVING /CURRENT ACCOUNT TO BE OPENED). 2. COMPLIANCE OF KYC NORMS. 3. Pledge of Gold Ornaments. 4. Valuation of the ornaments of the gold pledged will be done by the Bank’s approved valuer in Bank’s premises.

Who can Borrow	Individual
Purpose	Personal needs such as Housing, Education, Medical Emergencies, Travel ,Business etc
Max .Finance available	Rs 1.50 lacs
Security	Upto 40,000/- One Guarantor (One Government servant or IP Loanee Member surety) Upto 50,000/- Two Guarantor (One Member and One Government servant or IP Loanee Member surety) Upto 1,00,000 (Himself Govt Employee & Take Home Salary Above 20,000 & 2 Members Surety) 1,50,000/- Two Guarantor (One Member and one IP loanee Member Surety)
Repayment	75 months
Processing Charges	0.65 % of the loan amount plus Tax
Prerequisites	1. Confirmed employee in case of salaried person. 2. COMPLIANCE OF KYC NORMS 3. Income proof of Applicants and Guarantors. 4. Recent Salary Certificate.

Who can Borrow	Individuals (singly/Jointly)
Purpose	House Construction, Purchase of Constructed Property and Other Purpose.
Limit	Max. Limit Rs.1 Crore for individuals for House Purchase. it depends on valuation and project report as applicable. Up to 10 lakhs for repair/alteration
Security	Mortgage of Residential/commercial premises to be purchased/constructed
Margin	valuation of property according government rates and Bank’s engineer valuation
Repayment Period	Max 180 months
Processing Fees	0.65% + tax as applicable from time to time
Legal & Documentation Charges	On Actual Basis
Prerequisites	1. Income Tax Returns/Income proof for the last three years along with computation of income. 2. COMPLIANCE OF KYC NORMS. 3. Original Copies of the relevant documents of the property to be purchased / constructed.

Who can Borrow	Business, Education, Vehicle purchase and Other Purpose
Purpose	Business Education Vehicle Purchase etc.,
Limit	Maximum 1 Crore
Security	Mortgage of Property
Repayment Period	Repayment upto 180 months
Processing Fees	0.65% + tax as applicable from time to time
Legal & Documentation Charges	On Actual Basis
Prerequisites	1. Income Tax Returns/any Income proof for the last three years along with computation of income of Individuals. 2. COMPLIANCE OF KYC NORMS. 3. Audited Financial Statements for the last three years. 4. Originals of the documents of the property to be mortgaged.