The Central and State Governments provide various loans through banks for starting self-employment schemes. But the fact is that many people do not know about these types of interest free loans. Normal loans from banks usually have high interest rates and short repayment period. As a solution to this we can learn more about a self employment loan scheme implemented through Kerala Gramin Bank.If you can find long-term and interest-free loans, they are definitely an incentive for every ordinary person to start a business.
What is Gramin easy loan scheme?
Gramin easy loan is a scheme that can be used to get a loan for your institutions through Kerala Gramin Bank. However, the loan can be availed only on the basis of prescribed qualifications and other criteria. Further information can be obtained from the Kerala Gramin Bank branches.If the application for the loan is rejected in compliant with all the criteria, the Bank Ombudsman appointed by the Reserve Bank of India can be contacted. Further details are available on the website of the Reserve Bank of India.
Kerala Gramin Bank has come up with a loan scheme that can be used by those who are facing various types of financial difficulties to start their own business in case they do not have the money. At present there are different types of loans available from different private and public sector banks but none of them can be used effectively by the general public. As a solution to this, loans can be obtained through the local bank, Kerala Gramin Bank. This is a personal loan scheme where you can get a loan of up to Rs 5 lakh by mortgaging your land. The scheme is called Gramin Easy Loan.
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Anyone who is a farmer, a permanent employee, working abroad or wanting to start their own business can apply for a Gramin Easy Loan. But the main criteria for getting a loan is that the CIBIL score of the person applying for the loan should be above 700. The monthly installment of Rs 1 lakh is Rs 1105. The loan application can be submitted through any branch of Kerala Gramin Bank. Kerala Gramin Bank Kochi Regional Officer K Harindran has informed about this.
The Bank has Regional Offices at Thiruvananthapuram, Kottayam, Ernakulam, Thrissur, Kozhikode, Kalpetta, Malappuram, Kannur, Kasaragod and Thalassery. The loan of up to Rs 5 lakh has a repayment period of 15 years. You can contact at the number given below for more details and complaints.
ontact- 04832734805