Loans

The Ankola Urban Co-op. Bank Ltd., Ankola

Business Loan (Cash Credit loan):

To Start a new business or to develop your existing business we provide business loans with below interest.

Rate of Interest: 11% to 13%

Documents required for Business Loan:-

  • 1 passport size photo.
  • Identity Proof
  • 2 Surety – (Share members of our Bank)
  • LIC Assignment (Statement of Surrender value)
  • Vehicle Hypothecation.
  • Driving License Xerox
  • Voter ID Xerox
  • Ration Card Xerox
  • Business Licence
  • IT Returns
  • Rent Agreement
  • Stock statement

Note: Loanee should be identified by the Branch Manager.

Housing Loan (H.L)

For construction of New House, Apartments, Buildings, Purchase of Shops or to Invest in Real Estate purpose, we provide you easy instalment

Rate of Interest: 8.25% to 8.50%

Documents required for Housing Loan :-

  • Identity Proofs:
  • 2 Surety – (Share members of our Bank)
  • Record of Rights with E-Swathu
  • Land Valuation Report.
  • Building Valuation / Estimate Report.
  • Encumbrance Certificate last 15yrs
  • Mutation Entry
  • Sale deed / Land Map
  • Varsa title deed
  • N.A Registration Copy
  • Driving License Xerox
  • Voter ID Xerox
  • Ration Card Xerox
  • Adar Card Xerox
  • 3 passport size photo.

Note: Loanee should be identified by the Branch Manager.

Vehicle Loan (V.L):

We provide Spot Loan facility to our customers for purchase of Bike, Scooter, Auto-Rickshaw, Car, Truck, JCB etc., with easy documentations.

Rate of Interest: 8% to 8.25% For new Vehicle

Rate of Interest: 10.5% For Truck & JCB

Rate of Interest: 13% For two wheeler

Rate of Interest: 12% For 2nd hand Vehicle

Documents required for Vehicle Loan:-

  • 3 passport size photo.
  • Vehicle Quotation.
  • Identity Proof
  • Driving License Xerox
  • Voter ID Xerox
  • Ration Card Xerox
  • Adar Card Xerox
  • Nationalized Bank’s Advance Cheque.
  • 2 Surety – (Share members of our Bank)

Note: Loanee should be identified by the Branch Manager.

75% Loan
On Road 		30 to 60
Easy Installments		 84 Installments
for 4 Wheelers (7 Years)		 25% Down payment
(on road prize of vehicle)

House Appliance Loan (H.A.L):

For purchase of house appliance like T.V, Refrigerator, Furniture’s, Washing Machine etc., we provide easy monthly repayable loan facility.

Rate of Interest: 11%

Documents required for House Appliances Loan:-

  • 3 passport size photo.
  • Quotation of House appliance materials.
  • Identity Proof
  • Nationalized Bank’s Advance Cheque.
  • 2 Surety – (Share members of our Bank)
  • Driving License Xerox
  • Voter ID Xerox
  • Ration Card Xerox
  • Adar Card Xerox

Note: Loanee should be identified by the Branch Manager.

Machinery Loan (M.L):

For purchase of Machinery appliance for business like Cutting Machine,Welding Machine etc., we provide easy monthly repayable loan facility.

Rate of Interest: 14%

Documents required for Machinery Loan:-

  • 3 passport size photo.
  • Quotation of Machinery materials.
  • Identity Proof
  • Nationalized Bank’s Advance Cheque.
  • 2 Surety – (Share members of our Bank)
  • Driving License Xerox
  • Voter ID Xerox
  • Ration Card Xerox
  • Adar Card Xerox

Note: Loanee should be identified by the Branch Manager.

Personal Loan (P.L):

This is a clean loan given to employees Private, Public and Government sectors in order to fulfil their commitments against security of two respectable sureties.

Rate of Interest: 15%

Documents required for Personal Loan:-

  • 10% FD on loan amount.
  • 3 passport size photo.
  • Driving License Xerox
  • Voter ID Xerox
  • Ration Card Xerox
  • Adar Card Xerox
  • Identity Proof :–
  • Nationalized Bank’s Advance Cheque.
  • 2Surety – (Share members of our Bank)
  • Latest 2 months Salary Slip.
  • LIC Assignment (Statement of Surrender value)

Note: Loanee should be identified by the Branch Manager.

Deposit Loan (D.L):

This loan is given against value of term deposit up to the extent of 75%.

Rate of Interest: F.D.R + 2% (F.D.R = Fixed Deposit Rate of Interest)

Note: Loanee should be identified by the Branch Manager.

Gold Loan (G.L):

Get instant loan against gold with safe and secure loan processing on the spot. Loans advanced up to 80% of gold valuation.

Rate of Interest: 11% .

Note: Loanee should be identified by the Branch Manager.

Pigmy Deposit Loan (P.D.L):

Rate of Interest: 12% .

Loan against the security of Pigmy Deposit are provided for better convenience to the customers due to their day-to-day transactions.

Note: Loanee should be identified by the Branch Manager.