Loans

  • Short Term Agriculture Loans (Crop Loans)
    Beneficiary Farmers
    Purpose Production of Crops
    Loan Limit As per land holding and scale of finance.
    Rate of Interest* 5.00%
    Margin No margin money required.
    Repayment Period Half yearly linked with harvesting.
    Collateral Security Nil.
  • Medium Term Agriculture Loans
    Beneficiary Farmers
    Purpose Investment credit for installation of pump set, purchase of Agriculture implements, land reclamation, construction of bunds, polutry, piggery, purchase of mich cattle, gobar gas plant.
    Rate of Interest* 12.25%
    Margin As per scheme.
    Repayment Period Five Years
    Collateral Security As per scheme.
  • Revolving Crash Credit to Farmers (RCC)
    Beneficiary Any individual farmer holding the agricultural land.
    Purpose Credit facility for meeting out socio-economic needs.
    Loan Limit Maximum amountt Rs 15.00 lakhs subject to Rs. 1.50 per acre.
    Rate of Interest* 12.00%
    Margin No margin required.
    Repayment Period Renewable on annual basis.
    Collateral Security Agriculture Land valuing at 150% of the Loan amount.
  • Mini Diary Scheme
    Beneficiary Any individual & members of Milk producer socities.
    Purpose Purchase of upto 10 milch cattle.
    Loan Limit Maximum amountt Rs 5.00 lakhs, Rs. 0.50 lakh per animal.
    Rate of Interest* 11.50%
    Margin 15.00%
    Repayment Period Maximum 5 years.
    Collateral Security Mortgage of landed property value of 150% of the loan amount.
  • Commercial Diary Development Scheme
    Beneficiary Any individual, Partnership Firm, Corporate body and anny other Cooperative organization.
    Purpose To increase the income of milk producers by helping them to purchase High yielding cattle and purchase of equipments and construction of sheds.
    Loan Limit Maximum amount Rs 50.00 lakhs.
    Rate of Interest* 10.25%
    Margin 15.00%
    Repayment Period Maximum 9 years.
    Collateral Security Mortgage of landed property value of 150% of the loan amount.
  • Non Farm Sector Loan Scheme (NFS)
    Beneficiary Individual, Sole Prop., Firm, Coop. Societies or a company.
    Purpose For the establishment of sottage, tiny and SSI unit.
    Loan Limit Maximum amount upto Rs. 25.00 lakhs at CCB Level.
    Rate of Interest* 13.00%
    Margin Minimum 10.00%
    Repayment Period Maximum 5 to 7 years.
    Collateral Security Immovable Properties for the value of 150% of the amount.
  • Rural Housing Scheme
    Beneficiary Individual and Members of Coop. Housing Societies.
    Purpose Purchase of built up house, construction of new house, repairs/Renovation and addition of existing house in rural house.
    Loan Limit Maximum amount upto Rs 15.00 lakhs.
    Rate of Interest* 10.25%
    Margin 15.00%
    Repayment Period Maximum 15 years.
    Collateral Security Agriculture Land for the value of the 100% of the loan amount besides the Mortgage of house to be financed by the bank.
  • Urban Housing Scheme
    Beneficiary Individual and Members of Coop. Housing Societies.
    Purpose Purchase of built up house or flat, construction of new house, repairs/Renovation and addition of existing house in urban house.
    Loan Limit Maximum amount upto Rs 20.00 lakhs.
    Rate of Interest* 10.25%
    Margin 25.00%
    Repayment Period Maximum 15 years.
    Collateral Security First Mortgage of house to be financed by the bank.
  • Personal Loan Scheme
    Beneficiary Employees of Punjab Govt., PSU, Boards, Corporations, etc.
    Purpose Credit facility for meeting out socio-economic needs.
    Loan Limit 15 times of gross monthly salary or Rs. 4.00 lakhs whichever is less.
    Rate of Interest* 15.00%
    Repayment Period Maximum 7 years.
    Collateral Security Two Good Sureties as per satisfaction of the bank.
  • Vehicle Loan Scheme
    Beneficiary Individual, Firm, HUF, Trust, Coop. Societies or a Company.
    Purpose For the purchase of new vehicle for business and personal use.
    Loan Limit Maximum amount upto Rs. 15.00 lakhs or 80% of cost of vehicle.
    Rate of Interest* 10.50%
    Repayment Period Maximum 5 years.
    Collateral Security Two Good Sureties as per satisfaction of the bank besides the Hypothecation of the vehicle.
  • Second Hand Vehicle Loan Scheme
    Beneficiary Individual, Sole Prop., Professional and Partnership Firm.
    Purpose For the purchase of second hand vehicle should not be more than 4 years
    Loan Limit Maximum amount upto Rs 5.00 lakhs or 75% of cost of vehicle.
    Rate of Interest* 12.50%
    Repayment Period Maximum 5 years.
    Collateral Security Two good Sureties as per satisfaction of the bank besides the hypothecation of the vehicle.
  • Consumer Durable Loan
    Beneficiary Credit facility for meeting out socio economic needs.
    Purpose To purchase consumer durables and meeting other socioeconomic need.
    Loan Limit 10 times of gross monthly salary of Rs. 2.00 Lakhs, which ever is less.
    Rate of Interest* 15.00%
    Repayment Period Maximum 5 years or upto service retirement.
    Collateral Security Two Good Sureties as per satisfaction of the bank.
  • Two Wheeler Loan to Farmers
    Beneficiary An agriculturist having land in his own name or his family member.
    Purpose For the purchase of new two wheelers.
    Loan Limit Maximum amount upto Rs. 0.50 Lakhs.
    Rate of Interest* 11.50%
    Repayment Period Maximum 5 years.
    Collateral Security Two Good Sureties as per satisfaction of the bank.
  • Cash Credit Facility to Traders
    Beneficiary Individual, Sole Prop., Firm, Coop. Socities or a Company.
    Purpose For the meeting working capital requirement of business.
    Loan Limit Rs. 25.00 Lakhs.
    Rate of Interest* 14.00%
    Repayment Period Renewable on annual basis.
    Collateral Security Immovable properties for the value of 150% of the loan amount.
  • Educational Loan
    Beneficiary Salaried employees of Coop. Banks, Punjab Govt./Chandigarh Administration and its Boards and Corporations.
    Purpose To provide financial assistance to deserving and meritorious student for pursuing higher studies in India or Abroad.
    Loan Limit Maximum amount upto Rs. 15.00 Lakhs.
    Rate of Interest* 11.00%
    Margin No margin required.
    Repayment Period The installment will start after completion of course.
    Maximum 5 years.
    Collateral Security Mortgage of landed property value of 150% of the loan amount. For the loan upto Rs. 5.00 Lakhs, No immovable security is required, If the loanee is the employee of Punjab Govt. or Coop. Dept.
  • Cooperative Education Loan Scheme Children of Poor Farmers, Dalits, BC etc.
    Beneficiary Children of poor farmers, dalits, BC and other poor section
    Purpose To provide financial assistance for deserving and meritorious students for pursuing higher studies in India or Abroad.
    Loan Limit Maximum amount upto Rs. 10.00 Lakhs.
    Rate of Interest* 7.25%
    Margin No margin required.
    Repayment Period The installment will start after completion of course.
    Maximum 5 years.
    Collateral Security Mortgage of landed property, value of 100% of the loan amount.
  • Loan Against Property
    Beneficiary Any individual.
    Purpose To offer instant solutions relating to socio-economic needs and business needs such as children's higher education, Travel, daughter's marriage and medical emergencies etc.
    Loan Limit Maximum amount upto Rs. 25.00 Lakhs.
    Rate of Interest* 15.00%
    Margin No margin required.
    Repayment Period Maximum 6 years.
    Collateral Security First mortgage of the property against which the loan is granted 150% of the loan amount.
  • Loan Against Rental Income Scheme
    Beneficiary Owners of the property who have let out or proposed to be let out the same to reputed company.
    Purpose For meeting business/personal needs.
    Loan Limit Maximum to the extent of 75% of post TDS Rent Receivable for a period. Not exceeding 120 months or un expired period of lease.
    Rate of Interest* 12.00%
    Repayment Period Maximum 10 years.
    Collateral Security Mortgage of landed property value of 150% of the loan amount.
  • Loan Scheme for Earnest Money
    Beneficiary Any Individual.
    Purpose To meet the financial requirement towards earnest money deposit to book residential plot/built house or flat by Govt. Approved agency.
    Loan Limit As per the scheme of the agency.
    Rate of Interest* As fixed by the bank.
    Margin No margin money required.
    Repayment Period On Receipt of refund from housing board.
    Collateral Security No immovable Security is required. Only two post dated cheques are required.
  • Mai Bhago Istri Shakti Scheme
    Beneficiary Any women beneficiaries' member of the PACS.
    Purpose To establish the micro or small business in rural areas.
    Loan Limit Rs. 25,000 through PACS.
    Rate of Interest* 9%
    Margin No margin required.
    Repayment Period Maximum 5 Years
    Collateral Security One good surety having landed property.
  • Credit for setting up of Agricultural Service Center
    Beneficiary Any Individual farmer holding the agriculture land.
    Purpose To purchase the agriculture implements.
    Loan Limit Maximum amount Rs 10.00 Lakhs.
    Rate of Interest* 12.00%
    Repayment Period Maximum 5 years.
    Collateral Security Collateral Security valuing 150% of the loan amount.
  • Personal Loan Scheme for Professionals
    Beneficiary Individuals practicing as professionals such as doctors, aadvocate, chartered engineers, chartered accountants, company secretary, architects, I.T. professionals, interior designer, academicians running coaching centers.
    Purpose Credit facility for meeting out socio.economic needs.
    Loan Limit 15 times of monthly gross salary or Rs. 5.00 lakhs which ever is less.
    Rate of Interest* 15.00%
    Prepayment Option Borrower can make the part pre payment of the loan. No penalty will be charged.
    Repayment Period Maximum 7 years.
    Collateral Security The valuation of the collateral security shall be 150% to the loan amount. In addition to that one guarantor known to the bank will be taken.
  • Overdraft Facility to Salaried employees having Salary Account with Coop. Bank
    Beneficiary The beneficiary will be a regular/permanent employee of Punjab Govt., Semi Govt., Autonomous Bodies, Boards and Corporations, Apex, District, Cooperative Institutions or any other organization with the approval of BOD, whose salary is being credited in the saving account of bank branch.
    Loan Limit Maximum 1,50,000/-.
    Rate of Interest* 13%
    Repayment Period Renewable each year.
    Collateral Security Two Good Sureties as per satisfaction of the bank.
  • Pigges of Loan Scheme
    Beneficiary Individual entrepreneurs, farmers, producer companies, partnership firms, companies, partnership firms, corporations, NGOs, ShGs, JLGs and Cooperatives.
    Purpose Setting up of pig rearing and breeding farms.
    Loan Limit Maximum up to Rs. 10.00 Lakhs.
    Rate of Interest* 10.25%
    Margin 15.00%
    Repayment Period Maximum 5-6 years including grace period of one year.
    Collateral Security No collateral Security for loan of Rs. 1.00 lakh and above will be sanctioned on mortgage of landed property whose value should not be less than 150% of the loan amount.
  • Goat Rearing Loan Scheme
    Beneficiary Individual entrepreneurs, farmers, producer companies, partnership firms, companies, partnership firms, corporations, NGOs, ShGs, JLGs and Cooperatives.
    Purpose Setting up of goat rearing farms.
    Loan Limit Maximum up to Rs. 5.00 Lakhs.
    Rate of Interest* 10.25%
    Margin 15.00%
    Repayment Period Maximum 7 years including grace period of 2 year.
    Collateral Security No collateral Security for loan of Rs. 1.00 lakh and above will be sanctioned on mortgage of landed property whose value should not be less than 150% of the loan amount.
  • Fishery Development Scheme
    Beneficiary Individual entrepreneurs, farmers, producer companies, partnership firms, companies, partnership firms, corporations, NGOs, ShGs, JLGs and Cooperatives.
    Purpose Setting up of fish ponds.
    Loan Limit Maximum up to Rs. 10.00 Lakhs including 1.00 lakh w/c.
    Rate of Interest* 10.25%
    Margin 15.00%
    Repayment Period Maximum 9 years including grace period of one year.
    Collateral Security No collateral Security for loan of Rs. 1.00 lakh and above will be sanctioned on mortgage of landed property whose value should not be less than 150% of the loan amount.
  • Bee Keeping Loan Scheme
    Beneficiary Individual entrepreneurs, farmers, producer companies, partnership firms, companies, partnership firms, corporations, NGOs, ShGs, JLGs and Cooperatives.
    Purpose Setting up of Bee keeping units.
    Loan Limit Maximum up to Rs. 10.00 Lakhs including 1.00 lakh w/c.
    Rate of Interest* 10.25%
    Margin 15.00%
    Repayment Period Maximum 7 years including grace period of six months.
    Collateral Security No collateral Security for loan of Rs. 1.00 lakh and above will be sanctioned on mortgage of landed property whose value should not be less than 150% of the loan amount.

* Rates are subject to change from time to time.

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