Head Office:- Ranchi Road, P.O.:- Purulia, Dist:- Purulia(W.B.), Pin:- 723101.
Farmers get STSAO for crop production loan up to Rs.3 lakhs @ 7% and Central Govt. provide 1.5% Interest Subvention (IS) to DCCBs & 3% to farmers for Prompt Repayment Incentive (PRI).
Eligibility:
a) Societies (PACS, LAMPS and FSS) having loan collection percentage not less than 60%.
b) Audit pending not more than 2 years.
c) A.G.M. held in due time.
d) Elected Board / Nominated Board / Special Officer in the societies.
e) Societies have full paid manager with office.
f) N.P.A. not more than 10%.
Eligible groups may be granted loan by a PACS or by a bank branch directly under this scheme on the following conditions:
i) Each member shall be given a Kisan Credit Card (KCC).
ii) The PACS/ bank shall decide the quantum of loan considering the scale of finance, the nature of crop to be cultivated, cultivable land and the capacity of the borrower subject to maximum limit.
iii) All the members will jointly execute a loan document where they will remain liable jointly and severally to repay the loan.
iv) In case of exit of old member/s and entry of new member/s a fresh agreement to be executed by the group and to be retained with the PACS/ bank.
v) Refinance against the loan disbursed to JLG by an eligible PACS is available as in the case of SHG from a bank branch.
Eligibility:
i) Must be a member of the Society/ Bank.
ii) Minimum age of the members should not be less than 18 and more than 60 years.
iii) Membership minimum 4 and maximum 10 and residing within the operational area of the society.
iv)Members will be from small and marginal farmers, lease hold and tenant farmers, oral lessee, bargadars, share croppers etc.
v) Regular/ periodical savings is not compulsory but preferred.
vi) Maximum Loan limit is Rs. 10,000/- per member. Initially, it may be on the lower side starting with Rs.5,000/- but may increase gradually to Maximum limit based on satisfactory performance for a period of not less than 3 years.
vii) Loan can be availed of individually. Group financing should not be encouraged.
viii) Loan can be sanctioned for agriculture/ allied activities.
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Example:
The Bank offers Personal Loan for various purposes such as meeting medical expenses, renovation of residential accommodation, traveling, marriage etc.
Eligibility:
a) Salaried persons shall mean employees of Govt., Govt. sponsored,Govt. undertakings, Schools, Colleges, Panchayat, Para Teachers and “A” class reputedLimited companies in private sectors.
b) The applicant must be a permanent resident of Area of Operation.
c) Borrower must have S/B a/c at least 2 months old with PCCB.
d) Loan will be disbursed whenever required against application and the amount will be credited to S/B a/c.
e) Authority to be obtained from the borrower to debit his deposit a/c with the Branch for adjustment of loan account.
f) A statement detailing the moveable or immoveable property/assets owned or having right to be obtained.
NATURE OF LOAN: Term Loan repayable within a definite period but not exceeding 84 EMIs.
PURPOSE: Loan for meeting personal expenses including purchase of consumer durables, 15 months Gross salary, subject to maximum Rs 8.00 Lakh.
CONDITIONS:
a) The applicant will apply to the branch wherefrom his salary is being disbursed. .
b) Photo /Xerox copy of Voter card/ PAN card/ Adhar card is to be submitted (KYC Compliance).
c) An affidavit, at least before a Notary, stating that he has “No Dues” and he will not avail any loan from any bank/ financial institution, during the tenure of the present loan has to be submitted along with the prescribed loan application.
d) No loan can be sanctioned if the left out service period is less than 2 years.
f) Date of birth, date of appointment and date of retirement are to be mentioned in the application form along with a salary certificate (Mere Pay slip will not serve).
g) Loan will be disbursed whenever required against application and the amount will be credited to S/B a/c.
h) Authority to be obtained from the borrower to debit his deposit a/c with the Branch for adjustment of loan account.
i) A statement detailing the moveable or immoveable property/assets owned or having right to be obtained.
j) A declaration under Section 59 of the State Cooperative Act, 2006 is necessary.
k) Loan processing Fee @ 0.50% of sanctioned loan amount.
REPAYMENT:
i) Maximum repayment period is 84 monthly instalments (EMI)
ii) Entire loan has to be repaid before 6 months of retirement.
RATE OF INTEREST:
As per H.O. guideline issued from time to time.
SECURITY:
i) An undertaking from the applicant that the branch is authorised to recover the EMIs from his account, and that he will not switch over his salary account to any other bank/branch during pendency of the loan.
ii) An affidavit, at least before a Notary, stating that he has not taken / will take any loan from any bank/ financial institution during pendency of the loan.
iii) An agreement u/s 59 of the W.B. Cooperative Societies Act, 2006, in favour of the bank.
iv) 5% of sanctioned loan amount lien as Fixed Deposit in favour of Bank.
Consumer Durable loan* is a finance option for purchase of household items like Washing Machines, Refrigerators, AC, Color TV, LCD, Microwaves etc. We offer certain finance schemes wherein the interest is subvented by the manufacturer or the retailer as the case may be. For other products / schemes we charge our regular rate of interest.
Example: Of all the friends I've had… you're the first. But I know you in the future. I cleaned your poop. Then we'll go with that data file!
Festival loan is a type of personal loan that funds the expenses of a festival celebration.
Eligibility:
1. Only Govt/Semi Govt Employees are eligible whose salary is drawn from our branches of the PCC Bank Ltd.
2. Home take pay of 40% net salary must be maintained.
Quantum:
1. Eligibility of Festival Loan is once in a year. The Maximum amount of loan will be Rs 50,000/- (Rupees Twenty Thousand only)
2. The loan will be realized in 10 (Ten) equal monthly installments (EMI).
Rate of Interest: Follow the present rate of interest in the Loan Rate of Interest section in the portal.
* Please contact your nearest PCCB branch for additional information.
Terms & conditions apply.
At PCCB Ltd., we understand that a home is not just a place to stay. It is much more than that. It is a warm little corner in the world that is yours, tailored by your tastes and needs. ...
Eligibility: a) Salaried persons and employees shall mean employees of Govt., Govt. undertakings, Schools, Colleges, Self Govt., Panchayat, Para Teachers and “A” class reputed Limited companies in the private sectors.
b) Self-employed persons and businessman.
c) Must have a savings deposit/ current deposit maintained with the branch satisfactorily at least for a period of 2months.
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Example: ---
Eligibility: A) Must be inhabitant of this District.
B) Co-operative Societies.
C) Individual.
D) Joint Farm
E) SHG
F) Businessmen etc.
Condition: Must have Current account with any branch of this bank.
Purpose: Working Capital Loan.
Limit of C.C. :
a) Individual:- 25.00 lakhs.
b) Co-operative Society has Limit up to 1 core.
Security:
A) 25% of sanctioned amount / limit as Collateral Security.
B) Land & Building mortgage as security of 25% of sanctioned limit.
C) Stock of Goods 50% as security of sanctioned limit.Duly executed by the borrowers in deed of hypothecation
D) In case contractor who submitting working order for Cash Credit, Confirmation Letter of appropriate authority is required that, all payment is made through C.C. A/c of account holder.
Renewal: Renewal will be made every 31st March with proper documentation.
Purulia Central Cooperative Bank Ltd. offers a range of vehicle loans.
Pcc Bank Ltd. offers uniquely tailored Car Loan products that take the pain and hassle out of buying a car.
Eligibility: A) Must be inhabitant of this District.
B) Co-operative Societies.
C) Individual.
D) Joint Farm
E) SHG
Condition: Must have Current / S.B. account with any branch of this bank.
Purpose: Purchase of Any Four Wheeler/Tractor / Power Tiller etc.
Limit of Loan: Maximum Rs. 20.00 Lakh. (Depending on customers portfolio)
Re-payment: Maximum repayment is 60 months (EMI).
Security: A) 20% to 25% of Project Cost as own contribution and 10% of Project Cost as Collateral Security.
B) Land & Building mortgage as security of 25% of sanctioned amount.
C) Hypothecation of Goods 50% as security of sanctioned amount. Duly executed by the borrowers in deed of hypothecation.
D) Blue Book and 1 set of Keys must be preserve in branch office.
E) Joint Insurance.
Eligible groups may be granted loan by a PACS or by a Bank branch under this scheme on the following conditions:-
a) Individual member of eligible group shall apply for loan to the group.
b) Group shall take a joint decision on each loan application on merit and it will be recorded in the Resolution Book.
c) The group affiliated to a PACS shall apply for loan in the standard format along with the copy of the resolution. The group constituted by the bank will apply directly through the bank branch. PACS can avail refinance against loan to SHG from Bank as per rule.
d) After being satisfied with the activities of the group, transaction in the account, timely deposits in savings bank account, maintenance of books and records, the PACS may grant loan not more than 4 times of the corpus fund deposited with the PACS. Similarly, the bank branch may sanction loans direct to groups. Loans sanctioned by the PACS are eligible for refinance. Initially loan should not be more than 2 times of the deposit and it should increase gradually. It is preferred that the 1st loan can be granted after 6 months of the date of deposit.
e) Inter lending is permitted in case of exigency only for a short period not more than 6 months.
f) A PACS engaged in financing SHG may apply to bank for refinance in standard format within 7 days from the date of disbursement of loan to SHG.
Eligibility: i) Must be a member of the Society/Bank.
ii) Membership minimum 5 and maximum 20.
iii) Uninterrupted savings for 6 months or more by all the members.
iv) The savings made so far deposited in a no lien deposit account.
v) Holding regular meetings with the members of the group.
vi) The group should preferably be formed by the women. A group can also be formed with only male members, but in such cases prior permission from the Board of the Bank is necessary for granting loans.
vii) One cannot be a member of two groups operating in the area where he /she reside.
viii) The group and the members of the group should be within the operational area of the society.
MSME (Micro, Small and Medium Enterprise), loans are mostly offered to start-ups and small business owners. The MSME loan’s repayment tenure varies from lender to lender and the interest rates offered are majorly based on the loan amount, applicant’s profile and business history.
Bangla Swanirbhar Karmasansthan Prakalpa is a scheme launched by Government of West Bengal to create self-employment by promoting micro industries, manufacturing, trade, service and other sectors except for direct agriculture industry through providing loans. Both urban and rural areas come under this scheme. This scheme is called “Atma Maryada” for youth and for entrepreneurs it is called as “Atma Samman”.
Benefits:
Eligibility:
Eligibility of borrower:
a) Having current account holder of the Bank.
b) Borrower / partners / directors must be a member of the bank.
c) Any individual, above 18 years of age.
d) For setting up of project costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business/service sector, the beneficiaries should possess at least VIII standard pass educational qualification.
e) Assistance under the Scheme is available only for new projects sanctioned specifically under the PMEGP.
f) For new project only and Project cost Up to Rs. 25 Lacs – for manufacturing sector & Up to Rs. 10 Lacs – for Business / Service sector.
g) As per rules of PMEGP Scheme.
Purpose of Loan:
Purchase of machinery for their own business.
Quantum of Finance:
For General category - Up to 90% of the cost of machinery.
For Special (ladies) category - Up to 95% of the cost of machinery.
Share Linkage:
Borrower must have Bank's share linkage @ 1% of the loan sanction amount.
Features:
a) Loan tenure up to 84 months.
b) Nominal Processing Charge
c) Easy Process
d) 2% loan closure charge of loan outstanding amount will be charged, In case of Loan closed above Rs. 10 Lacs through Bank transfer.
e) Interest is to be charged on reducing balance method.
f) Two Guarantors, out of one must be a non-relative guarantor.
Prime Security:
Hypothecation of machinery.
Collateral Security:
Mortgage of property.
The main objective of this loan is to provide short/ medium term financial accommodation to the customers to meet their emergent financial needs by making lien of their Cash Certificates/ Term Deposits/ Recurring Deposits/ NSC/ KVP or any other similar type of security deposits in favour of the Bank subject to fulfilment of terms & conditions as laid down in the loan policy of the Bank.
Loan against Securities is a type of secured loan where customers can pledge their fixed assets as security and get loan at lower & simple interest rates with quick processing and minimal documentation.
LOAN AGAINST NSC/KVP
Quantum :
Upto 85% of the Face Value of NSC/KVP.
Security :
The NSC/ KVP must be submitted to the Branch in original and the same must be pledged/ assigned in favour of the Bank by appropriate authority ( of Post office itself) as a security to the loan.
LOAN AGAINST F.D./ C.C./ R. D. OF THE BANK
Quantum:
Upto 85% of the Face Value of Term Deposit.
Security :
FD/RD account must be liened with the loan account and duly discharged original term deposit certificate is to be submitted to the Branch as a security to the loan.
Eligibility:
1. The Applicant must have a savings A/c at any of our branches.
2. The Applicant must have in his/ her name a valid NSC/ KVP or CC/TD/RD with us.