| 1 |
Persons Eligible |
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Individuals |
- Any Indian National |
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- Person must be SALARIED |
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- Person must be permanent employee of Govt/ Semi-Govt/ Autonomous Body (minimum period of service must be 01 year and above) |
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Farm / Company |
-Any type of Farm / Company |
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Co-operative Society |
-Must be affiliated to JCCB & having such provision in their Bye Laws |
| 2 |
Purpose of Loan |
-Building House on the land. |
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-Building Commercial Complex on the land. |
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-Building any other project with specific project report on the land |
| 3 |
Maximum Limit of Loan |
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Individuals |
-Rupees 10.00 Lakh or 75 % of the Govt. Valuation of the land which ever is less. |
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Farm / Company |
-Rupees 50.00 Lakh or 75 % of the Govt. Valuation of the land which ever is less. |
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Co-operative Society |
-Rupees 100.00 Lakh or 75 % of the Govt. Valuation of the land which ever is less. |
| 4 |
Service Charge |
- 1% of the Loan Amount. |
| 5 |
Rate of Interest |
- Varies from time to time (as per interest rate circular) to be paid as per EMI |
| 6 |
Period of Repayment |
- upto 03 years |
| 7 |
Security |
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-Cash |
- 25% of the loan amount as FD of JCCB Ltd. |
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or |
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- 30% of the loan amount in form of NSC /KVP |
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-Collateral |
- DDO's Certificate under Sec.58 of WBCS Act,1983 |
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- Mortgage of Land (Other than the land for which the loan being taken) & Building in favour of Bank |
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- Life Insurance of the applicant |
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- General Insurance of the Property |
