Eligibility :

  • ECCS must be formed by the Staff/Employees of Govt./Govt. undertaking Organization along with Co-operative Institution, local self-Govt. Institution/Statutory Bodies etc.
  • The ECCS must be affiliated by the Bank with up-to-date Audit Report.

Purpose :

  • House Repairing.
  • Any type of Personal or Consumption Loan
  • Liquidation of Small debt/Consumption expenses

Maximum amount of Loan :

  • For House Repairing Loan the maximum quantum is Rs 7,50,000.00 and for personal loan the same may be capped within Rs 7,00,000.00 with some terms and conditions and other cases Bank may decide the loan amount on the basis of its Rules and Regulations.

SHARE :

  • 10% of loan amount subject to maximum Rs 20,000.00 to be collected as Share of which 50% to be deposited to the Bank

Repayment:

  • EMI to be deducted from Salary where the account is maintained with our Bank else ACH Mandate or treasury deduction is preferable.

INTEREST :

  • The interested may be decided by the Bank from time to time