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Loan Schemes


Mullakkodi bank offers various credit facilities suiting the needs of the customers under different schemes. The MCRB offers a wide range of loan options with reasonable interest rates and minimum document works. The Loans are issued to A,B Class Members of the bank.


  • Personal Loan
  • Agriculture Loan
  • Housing Loan
  • SHG Loan
  • Vehicle Loan
  • Overdraft & Cash Credit
  • Gold Loan
  • Gold Loan Agriculture
  • Mortage Loan

Personal Loan

To meet personal and domestic expenses, make fresh investments in business, Purchase of gold ornaments etc. The Loans are issued to A,B Class Members of the bank or loans are issued on the security of two members or on the security of the Salary Certificate. Period is one to two years Refund on monthly basis on diminishing mode.


Document Required For Opening a Personal Loan

List of documents for Salaried:
 
  • Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
  • Proof of Residence
  • Latest 3 months Bank Statement (where salary/income is credited).
  • Salary slips for last 3 months.
  • 2 Passport Size photographs.
List of documents for Self-Employed:
 
  • Proof of Identity; Address proof; DOB proof.
  • Proof of Residence
  • Latest 6 months Bank statement.
  • Office address proof.
  • Proof of residence or office ownership.

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Agriculture Loan

The Bank Provides Loan for Agricultural Loan and Allied purposes at low rate of interest. This is available only to A class members as per norms approved by the NABARD, on personal security. Keeping in view the specific requirements of customers, Mullakkodi Bank has introduced a range of products at attractive rates of interests.


Document Required For Opening a Agriculture Loan

  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
  • Recent Passport size photograph
  • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
  • Agreement to sale of the property to be purchased.
  • Proof of agricultural land/property- Tax receipts

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Housing Loan

Your dreams inspire Mullakkodi Banks Loan Solutions. A range of convenient low interest schemes that let you realize your dreams. To provide housing loans to loans to individuals at competitive interest rate considering the needs. Period of loan 10 years,Monthly Installment.


Document Required For Opening a Housing Loan

  • Completed loan application
  • 3 Passport size photographs
  • Proof of identify (photo copies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
  • Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/Property tax receipt/ Passport/ Voters ID card)
  • Proof of business address for non-salaried individuals
  • Statement of Bank Account/ Pass Book for last six months
  • Personal Assets and Liabilities statement

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SHG Loan

Mullakkodi Bank extends easy and quick finance to Self Help Groups (SHG) to suit all their requirements. Attractive interest rates with special discounts to SHG for loans for agri and agri-allied purposes.


Document Required For Opening a SHG Loan

  • Identity Proof of the SHG from CDS
  • Address Proof of the SHG
  • Photographs of Authorized Signatories
  • Identity and Address Proofs of Authorized Signatories
  • Duly filled Facility Application Form
  • Inter Se Agreement executed by all members of SHG
  • Resolution by committee

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Vehicle Loan

Mullakkodi bank has extended products like funding of new vehicles, finance on used vehicles etc,on the security of salary certificate, land and fixed deposit powered of loan 3-5 yeas. Monthly Installment.


Document Required For Opening a Vehicle Loan

  • Age proof
  • ID proof
  • Application form
  • Photograph
  • Residence proof
  • Income proof
  • Bank statement
  • Signature verification proof

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Cash Credit/Over Draft

Mullakkodi bank offers Overdraft and Cash Credit facility to traders, Business persons etc.


Document Required For Opening a Overdraft & Cash Credit

  • Proof of Identity; Address proof; DOB proof.
  • Stock Statement
  • License from the Local Body
  • Proof of residence or office ownership.

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Gold Loan

The Mullakkodi Co-operative Rural Bank Ltd. presents "Loan Against Gold Ornaments", a scheme designed to provide liquidity against gold ornaments without having to sell them.Gold ornaments lying idle can be put to productive use by availing the Mullakkodi Bank's Gold Loan. This product is ideal to meet your immediate requirement of cash.


Document Required For Opening a Gold Loan

  • Proof of Identity
  • Proof of Address

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Gold Loan Agriculture

The Mullakkodi Co-operative Rural Bank Ltd. presents "Loan Against Gold Ornaments", a scheme designed to provide liquidity against gold ornaments without having to sell them.Gold ornaments lying idle can be put to productive use by availing the Mullakkodi Bank's Gold Loan.


The Mullakkodi Co-operative Rural Bank Ltd. presents "Loan Against Gold Ornaments", a scheme designed to provide liquidity against gold ornaments without having to sell them.Gold ornaments lying idle can be put to productive use by availing the Mullakkodi Bank's Gold Loan.With our Agri Gold loan, get financial assistance for direct, indirect and allied agricultural activities. For meeting the cultivation needs of farmers and other short term requirements including those of subsidiary / allied activities and consumption needs.


Document Required For Opening Gold Loan Agriculture

  • Proof of Identity
  • Proof of Address
  • Proof of agricultural land/property- Tax receipts

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Mortage Loan

Loans are issued on the security of Property by hypothication in favour of the bank. Period of Loan 3-10 years with half year Installment.


Document Required For Opening a Mortage Loan

  • Original Deed
  • Previous Deed
  • Land Tax Receipt
  • Site Plan
  • Encumbrance Certificate
  • Posession Certificate
  • Location Certificate

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