Banner Mansa Central Cooperative Bank

IFSC Code: UTIB0SMSA01 | Latest Scheme: |





Beneficiary
Salaried employees of Coop. banks, Punjab Govt./Chandigarh Administration and its boards and corporations.

Purpose
To provide financial assistance to deserving and meritorious student for pursuing higher studies in India or abroad.

Loan Limit
Maximum amount up to RS. 15.00 Lakh.

Rate of Interest
11%

Margin
No margin required.

Repayment Period
The instalment will start after completion of course or Maximum 5 years.

Collateral Security
Mortgage of landed property having value of 150% of the loan amount. If the parent/guardian is the employee of Punjab Govt. or Coop. Dept. & submits irrevocable authority then no immovable security is required for the loan up to RS. 5.00 lakhs.