Chandigarh State Co-operative Bank – Loans & Advances Interest Rates

The Chandigarh State Co-operative Bank Loan Products: Home Loan, Personal Loan, Car Loan, Credit Card, SME Loans, Education Loans, Marriage Loans, Medical Loans. Find Interest Rates, Documents, lowest EMI Per Month Online at Deal4loans.com

During the 1961 the Chandigarh State Co-operative bank was registered under the Punjab Coop Societies Act 1961. This bank has 14 branches spread across the state with 3789 individuals shareholders of the bank. The prime importance of the bank is to improve banking facility among the service provider functioning as individual and providing them urban co-operative facilities.

Loans provided under this Bank are as follows.

T. Agriculture Loan

Features

Interest Rates 12% per annum
Maximum Loan Amount The maximum loan amount is up to Rs 10 lacs for buffalo
Repayment Period Repay your loan amount within a period of 5 years

Terms and condition

  1. A nominal member of the bank is eligible for the loan.
  2. The applicant must be a resident of Chandigarh.
  3. The project taken up by the applicant must be located in the Union Territory, Chandigarh.
  4. In the favour of the bank the animal is fully insured.
  5. The applicant must obtain 2 guarantors.
  6. The advancement is paid to the 3rd party only.
  7. Proof of repayment.
  8. Hypothecation of the milk animal to be financed by the bank.
  9. 5 advances cheque.

Dairy Loan / Poultry in Village only

Features

Interest Rates 12% per annum
Maximum Loan Amount · 500 layers Rs 1,25,000

· 1000 layers Rs 2,43,000

· 1000 boilers Rs 1,33,700

Terms and condition

  1. A nominal member of the bank is eligible for the loan.
  2. The applicant must be aresident of Chandigarh.
  3. The project taken up by the applicant must be located in the Union Territory, Chandigarh.
  4. In the favor of the bank the animal is fully insured.
  5. 5 advance cheque in the name of the bank.
  6. The loan borrowed must show proof of ownership, valuation certificate, non-emcumbrance, possession certificate issued by the competence authority regarding immovable property to be equitable mortgage in favor of the bank against security of loan amount.
  7. Proof of repayment.

    Personal loan to Public

Features

Interest Rates 15% per annum
Maximum Loan Amount The maximum loan amount is Rs 4 lacs
Eligibility · Govt./Board/Corporation and Co-op institution employees

· Govt. Aided School/institution/college/university permanently posted in Chandigarh or has a permanent residence of Chandigarh/Mohali/Panchkula.

Repayment Period Repayment period is 7 years
Repayment Option Through Electronic Clearing System(ECS).

Terms and Condition

  1. He/she must be a regular employee of an institution for at least 5 years.
  2. The employee must provide Form 16 or last 3 years ITR.
  3. The applicant must obtain 2 govt. guarantor.
  4. A nominal member of the bank is eligible for the loan.
  5. 5 advance cheque in the name of the bank.
  6. The Take Home Net Monthly Salary of the employee must be 50%.
  7. Last 6 months Bank Statement.

    Scheme for Granting of Loan Against Property

Features

Interest Rates 14% per annum
Maximum Loan Amount The maximum loan amount is Rs 25.00 lacs or three times net annual income
Security Equitable Mortgage of the property in the name of the borrower.
Repayment Period Repayment of loan amount must be done within 7 years.
Margin 50% of the valuable of the property.

Terms and condition

  1. A nominal member of the bank is eligible for the loan.
  2. The applicant must be a resident of Chandigarh.
  3. The project taken up by the applicant must be located in the Union Territory, Chandigarh.
  4. 5 advance cheque in the name of the bank.
  5. The applicant must obtain 2 guarantors.
  6. The loan borrowed must show proof of ownership, valuation certificate, non-emcumbrance, possession certificate issued by the competence authority regarding immovable property to be equitable mortgage in favor of the bank against security of loan amount.
  7. He/she must be an income tax payee and should submit the last 3 years ITR.
  8. Valuation certificate of the immovable property to be mortgage.
  9. Last 6 months bank statement.

    Education Loan to Pursuing Higher Studies

The Chandigarh State Co-operative Bank offers financial help through education loan to students pursuing professional courses from any reputed institution or university.

Features

Interest Rates 10% per annum
Loan Amount · Study in India : Rs 10 lacs

· Study Abroad : Rs 20 lacs

Eligibility · Resident Indian

· Minimum age 17 years and maximum age must be 35 years.

Repayment Period Repayment of the loan within 5 years

Terms and condition

  1. Parents of the applicant must be the nominal member of the bank.
  2. Parents must be a resident of Chandigarh.
  3. Proof/letter of admission.
  4. Parents must provide with ownership valuation certificate, non-emcumbrance certificates and possession certificate which must be issued by the competent authority regarding immovable property of Chandigarh.
  5. Advance cheque must be submitted to the bank.
  6. You can receive up to Rs 5 lacs without any collateral security.
  7. The applicants parents must not be more than 55 years of age.
  8. The family income must not be less than 40% or below after the deduction of the loan installments.
  9. Last 6 months Bank Statement.

Commercial Vehicle Loan

The Chandigarh State Co-operative Bank contributes their customers with financial assistance to purchase vehicle for commercial use like Auto-Rickshaw, Taxi, Motor Buses, Light Commercial Vehicle etc.

Features

Interest Rate 13.00% per annum
Maximum Loan Amount The maximum loan amount is Rs 15 lacs
Repayment period Repayment period is 7 years
Guarantor 2 government guarantor.

Terms and condition The applicant must be a resident of Chandigarh.

  1. A nominal member of the bank is eligible for the loan.
  2. Maximum of 80% of total price must be released.
  3. The applicant must be a resident of chandigarh.
  4. Hypothecation of the vehicle in the favor of the bank.
  5. 5 advance cheque in the name of the bank.
  6. Full inurance cover of the vehicle in the favor of the bank.
  7. Proof of Income.
  8. The applicant must obtain ITR or Form 16.
  9. Last 6 months Bank Statement.

    Housing Loan Public

Housing Loan provided by The Chandigarh State Co-operative bank to individuals to meet financial help for the construction of house/addition in house/purchase of built up house / flat or plots of lands.

Features

Interest Rates · Up to Rs 10 lacs : 11.50% per annum

· Above Rs 10 lacs : 12% per annum

Maximum Loan Amount The maximum loan amopunt is Rs 30 lacs
Repayment Period Repayment of the loan amount within a period of 20 years.
Disbursement of Loan Installments The disbursement of the loan amount will be in 3 installments :

· To purchase a house : 50%

· Up to Roof Level : 25%

· After Roof Level : 25%

Terms and Condition

  1. A nominal member of the bank is eligible for the loan.
  2. The applicant must be a resident of Chandigarh/Mohali/Panchkula.
  3. There should be clear title to the property.
  4. 25% of total estimate should be arranged by the borrower.
  5. 2 sureties must be submitted to the bank and must be acceptable.
  6. 5 advance cheque in favor of Bank.
  7. The borrower shall submit utilization certificate.

Valuation certificate from govt. authority or govt. approved value or architect approved by

Bank Branches In Chandigarh for Loans

 

Branch locations Phone No.
Branch Sector 17 Phone No. 0172-5025325
Branch Burail Phone No. 0172- 5025331
Branch Mani Majra Phone No. 0172-5025322
Branch Hallo Majra Phone No. 0172-5025324
Branch Dadu Majra Phone No. 0172-2643455
Branch Badheri Phone No. 0172-5025329
Branch Mauli Jagran Phone No. 0172-2731548
Branch Maloya Phone No. 0172-5025330
Branch Mani Majra Resident Complex Phone No. 0172-5025323
Branch Sector -22 Phone No. 0172-5025328
Branch Sector -26 Phone No. 0172-5025321
Branch Sector -61 Phone No. 0172-2682124
Branch Dhanas Phone No. 0172-5012694
Branch Khuda Lahora Phone No. 0172-2789100
Branch NAC Mani Majra Phone No. 0172-5007702
Branch Sector 49 B Phone No. 0172-2630045
Branch Kishan Garh Phone No. 0172-5017397
Branch Sector 51 Phone No. 0172-5025851