Zila Sahkari Bank Ltd. Bulandshar

Eligibility:

Branch area urban / rural non-defaulting persons who are willing to start private business, new business situation required substantial experience.

Loan Limit:

Maximum Rs 25,000.00 (as the term or cash credits). Based on the business benefits and the borrower's repayment capacity.

Validity:

Loans will be approved for a maximum of 5 years. To be renewed annually and the review of the renewed account is required.

Margin:

15% margin, and the loaning amount will be 85%.

Interest Rate:

Interest rate will be 10.50% annually and will be charged on a monthly basis.

** For more information please visit your nearest branch of District Co-Operative Bank Ltd.

Loan for starting Cyber Café / PCO / Xerox Machine / FAX Machine / Flour Mill / Mini Rice Mill / Pulses Mill / Oil Mill

Purpose and Eligibility:

The main objective of the scheme is to provide employment to beneficiaries.
Beneficiary should be a graduate and reside in rural or town area.
The residence of the beneficiary and debt-driven economic activity / business / shop should be in the working area of the related bank branch.

Loan Margin Amount and Interest Rate:

For Cyber Café, the beneficiary will get a maximum extent possible loan of the estimated unit cost of a unit.
The beneficiary will have to contribute 20% of the project cost and the rest 80% the Bank will provide as a loan.

Interest Rate:

The interest rate on the sanctioned loan will be 11% annually. The interest will be calculated on a monthly basis.
On non-payment of loans, a penal interest of 2% will be payable annually on the payable outstanding amount for the payable outstanding period.

Term of Loan:

Beneficiary will have to repay the loans in 5 years in the form of consolidated monthly installments.
In 5 years of loan repayment, 2 months will be considered a grace period and payment will be collected in the form of 58 consolidated monthly installments.

Security:

Upto a credit limit of ₹25,000.00/— no collateral security is needed, but the beneficiary will have to present two proper individuals as guarantors acceptable to the bank.
For a credit limit of more than ₹25,000.00/— collateral security of one and a half times of the loan amount and two guarantors are required. Only property with a clear title and easily accessible on sale will be accepted as collateral security.

Insurance:

Beneficiary will have to obtain credit limit insurance covering all risks under bankers’ clause. The expenses will be borne by the debtor.

** For more information please visit your nearest branch of District Co-Operative Bank Ltd Bulandshahr.

C.D. Loan (Consumer Loan):

Regular permanent employee of an institution who repays from the same branch where the loan was withdrawn.
Transfer takes place at the district level.
Till payment of the salary loan of the concerned, institution keeping their records should regularly deduct mortgage loan monthly in favor of bank through cheque. In case of transfer, mention the loan in the L.P.C of the new appointment.
Borrower can also submit cash in addition to the deductions made through cheque. But the institute will regularly deduct the monthly installments through cheques without any hiccup and delay.
In case of car loans and other loans, the cheques can be issued by the branch.
75% of the actual value of the goods or a maximum of ₹3.00 lakh, whichever is less.
Interest rate will be 15%.
Time Period: 3 to 5 years.

** For more information please visit your nearest branch of District Co-Operative Bank Ltd. Bulandshahr.

Eligibility:

To purchase the agricultural mechanisation (tractor/ power tillers), the loan amount dispensation for farmers the minimum holding limit (for irrigated land) is determined as follows:-

Loan Amount	Minimum Irrigation Limit
Upto Rs 1.00 Lakh	One and a half Acre
Upto Rs 1.50 Lakh	Two Acres
Upto Rs 2.00 Lakh	Two and a half Acres
Upto Rs 2.50 Lakh	Three Acres
Upto Rs 3.00 Lakh	Three and a half Acres
More than Rs 3.00 Lakh	Four Acres

However, twice the value of Loan amount incurred by farmer, the farming land is required to be kept as mortgage.

Margin:

The beneficiary farmer will have to contribute 15% of the cost of agricultural machinery by private resources.

Interest Rate:

From Rs 25,000/- to Rs 2.00 Lakh – 10.50%
More than Rs 2.00 Lakh – 11.50%

Time limit for loan repayment for tractor will be 7 years and for power tiller will be 9 years.

Security:

The tractor / power tiller and other agricultural machine purchased from bank has to be hypothecated in favor of the bank and it will be provided with the land mortgage will be guaranteed by the two competent persons, the real estate of them should be equivalent of a loan.

** For more information please visit your nearest branch of District Co-Operative Bank Ltd. Bulandshahr.

Purpose of the Loan:

Lending facility on Real estate property (House/ Flat) as equitable mortgage.

Eligibility:

House/ Flat should be freehold.
Tax returns for last 3 years.
Have a saving account in the Loaning Bank branch.
In case of joint loan - Husband/ Wife/ Mother/ Father/ Son or Daughter in law.

Collateral Security:

Property should be wholly owned; in case of co-ownership, the mortgage equity should be of co-owners.

Term of Loan:

The maximum duration of the loan will be 15 years or applicant's age of 70 years, whichever is less.

Maximum Loan Amount:

60% of the market value of the property or Rs 30.00 Lakh or the debtor’s ability to repay, whichever is less. The minimum loan amount will be Rs 2.00 Lakh.

Interest Rate:

12.00% compound annually which will be broadcasted on a monthly basis. On late installment a penal interest of 2% will be charged on the installment amount till the installment date.

Prerequisite for submission of title deeds:

The property on which loans and mortgages will be provided for mortgage, will have to submit original title deeds of the property. In no case attested copies will be accepted.

The trial of mortgage property:

By the authorized advocates of the Bank, the registered deed of the property will be tested and a mortgage certificate for 12 years will be provided.
Evaluation of the property will be done by the Banks authorized evaluator.

Repayment and capacity assessment:

50% of monthly income, per month will be considered. Incase of non-salaried, the calculation will be made on the basis of income tax return.
In case of joint loan, calculation will be based on both individuals’ salaries.
Installment will start from next month sanction of loan.

Processing Charge:

Must submit a processing fee of 0.5% of the loan amount requested. It will not be refunded in case of loan approval.

** For more information please visit your nearest branch of District Co-operative Bank Ltd.

Purpose of the Loan:

To meet expenses incurred on education, marriage, family celebrations, medical expenses, etc., on individual, family, or community basis.

Eligibility for Loan:

Regular employees of the Government of India/ Uttar Pradesh.
Permanent Employees of Semi-official/ Self-Governing/ Institute/ Educational Institute (Approved by Uttar Pradesh / India Govt).
Self-employed person or individuals working in private sector has two times the value of real estate such as land/ building or has one and a half times the value of the loan amount, term deposit receipts/ national savings certificate/ Kisan Vikas Patra of the proposed loan has agreed to Bank to let mortgage in favor of those or whose annual income tax returns for the last 3 years, is higher than the loan amount.
Pensioners/ Retired Officers/ Workers/ of Semi-official/ Self Governing/ Institute/ Educational Institute (Approved by Uttar Pradesh / India Govt) and Retired Officers/ Workers/ of District Co-operative Bank Ltd. Bulandshahr whose age is less than 70 years and has two times the value of real estate such as land/ building or has one and a half times the value of the loan amount, term deposit receipts/ national savings certificate/ Kisan Vikas Patra of the proposed amount of loan and has agreed to Bank to let mortgage in favor of those.

Maximum Amount of Loan:

The maximum loan amount will be equivalent to 15 months’ salary / total income or Rs 5.00 Lakh, whichever is less.

Term of Loan:

The maximum term of the loan is 60 months (5 years).
Recovery of loans will be in monthly installments starting by the following month of the month in which the loan is disbursed.
In 60 equal installments, the loan will be recovered with interest.

Interest Rate:

The loan will be charged at 13.00% rate of interest. The interest rate will be applied till the full payment period. Interest on the loan amount will be charged on a monthly basis and compounded.
If the amount of the monthly installments are not paid on time, the due installment payment on the amount will be charged at the rate of 2% as penal interest.

** For more information please visit your nearest branch of District Co-operative Bank Ltd. Bulandshahr.

Car loans to individuals for personal use

Eligibility for Loan:

Regular employees of the Government of India/ U.P.
Permanent employees of Semi-official/ Self Governing/ Institute/ Educational Institute (Approved by U.P./ India Govt).
Self-employed individuals or those working in the private sector with a maximum age of 55 years whose annual income, as per last year's tax returns, is at least Rs. 2.25 Lakhs.
Pensioners/ Retired Officers/ Workers/ of Semi-official/ Self Governing/ Institute/ Educational Institute (Approved by UP/ India Govt) and Retired Officers/ Workers/ of District Co-Operative Bank Ltd of Bulandshahar whose age is less than 70 years and has two times the value of real estate such as land / building or has one and a half times the value of the loan amount, term deposit receipts / national savings certificate / Kisan Vikas Patra of the proposed amount of loan and has agreed to Bank to let mortgage in favor of those.
The beneficiary should not be a defaulter with any bank or financial institution.
The beneficiary and guarantor must be account holders of our bank.

Maximum Amount of Loan:

The maximum loan amount will be 80% of the cost of the new vehicle or Rs. 5.00 Lakh, whichever is less. The remaining 20% of the vehicle’s cost should be deposited by the beneficiary as margin money.

Term of Loan:

The maximum term of the loan is 60 months (5 years).

Interest Rate:

Up to Rs. 3.00 lakh – 10.00%
More than Rs. 3.00 lakh – 11.00%

** For more information please visit your nearest branch of District Co-operative Bank Ltd. Bulandshahr.

More than
100 years
of legacy.

Loan / Credit Schemes

Eligibility:

Loan Limit:

Validity:

Margin:

Interest Rate:

Purpose and Eligibility:

Loan Margin Amount and Interest Rate:

Interest Rate:

Term of Loan:

Security:

Insurance:

C.D. Loan (Consumer Loan):

Eligibility:

Margin:

Interest Rate:

Security:

Purpose of the Loan:

Eligibility:

Collateral Security:

Term of Loan:

Maximum Loan Amount:

Interest Rate:

Prerequisite for submission of title deeds:

The trial of mortgage property:

Repayment and capacity assessment:

Processing Charge:

Purpose of the Loan:

Eligibility for Loan:

Maximum Amount of Loan:

Term of Loan:

Interest Rate:

Eligibility for Loan:

Maximum Amount of Loan:

Term of Loan:

Interest Rate:

Financial Calculator

More than 100 years of legacy.

Loan / Credit Schemes

Eligibility:

Loan Limit:

Validity:

Margin:

Interest Rate:

Purpose and Eligibility:

Loan Margin Amount and Interest Rate:

Interest Rate:

Term of Loan:

Security:

Insurance:

C.D. Loan (Consumer Loan):

Eligibility:

Margin:

Interest Rate:

Security:

Purpose of the Loan:

Eligibility:

Collateral Security:

Term of Loan:

Maximum Loan Amount:

Interest Rate:

Prerequisite for submission of title deeds:

The trial of mortgage property:

Repayment and capacity assessment:

Processing Charge:

Purpose of the Loan:

Eligibility for Loan:

Maximum Amount of Loan:

Term of Loan:

Interest Rate:

Eligibility for Loan:

Maximum Amount of Loan:

Term of Loan:

Interest Rate:

Financial Calculator

More than
100 years
of legacy.