HARCO BANK

	The Haryana State Co-operative Apex Bank Ltd A Scheduled Bank

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"We value your buisness,LOANS are not as hard to get as you may imagine" Loans

Being a Scheduled Bank, giving Loans and Advances is among our primary activities. Apart from our participation in meeting both Term Loan and Working Capital requirements of Agriculture sector, Trade and Service sector, Large/Medium and Small Scale Industries sector, Infrastructure sector etc. including taking care of their Export/Import and non-fund based needs like Letter of Credit, Bank Guarantee etc., we have a fairly large basket of loan products specially designed to suit your personal needs. Salient features of some of the more attractive Personal Loan Schemes & seven special schemes are described below.

Home Loan

Sr.No.	Conditions	Requirements
1.	Maximum limit	Limit Rs. 20.00 lacs per employee.
2.	Eligibility	individual/Business/Govt. employee 50 times of avg. net monthly income of last three yrs./50 B.P. + D.A. respectively.
3.	Purposes	For purchase/ construction of house
4.	Repayment	Max. 20 yrs. &/or upto 58 yrs. of age
5.	Margin	25%
6.	Security	Mortgage of property, two guarantors
7.	Rtae of Interest	9% (Floating) and 10.25% (Fixed)

Car Loan

Sr.No.	Conditions	Requirements
1.	Maximum limit	The borrower will be eligible for the loan equivalent to 90% of the cost of the vehicle or 30 Basic Pays + Dearness Pay + Special Pay, whichever is less.
2.	Eligibility	Permanent employees of Govt. of Haryana and employees of its Board, Corporations and Cooperative Institutions who have completed at least 05 years of service.
3.	Purposes	For purchase of only new four wheeler/cars for personal use only. Pickup vans and all other commercial vehicles even if they are used for personal purpose are not covered under the scheme.
4.	Repayment	Maximum of 84 equated monthly installment including interest.
5.	Margin	10% of the total cost of car.
6.	Security	The vehicle purchased will be hypothecated in favour of the bank ,The borrower will also provide at least one Post Dated Cheque as security for the entire loan amount sanctioned.
7.	Rtae of Interest	@9% per annum except for existing employees & Directors of the HARCO BANK

Personal Loan

Sr.No.	Conditions	Requirements
1.	Maximum limit	Minimum amount of loan will be Rs.25000/- and maximum amount of loan Rs.2,00,000/- or 10 times monthly net salary whichever is less.
2.	Eligibility	(i) Confirmed Govt. employees of State/Central Govt. (ii) Who are due for retirement in the near future may not be entertained. (iii) The place of posting/working should be Chandigarh/Panchkula.
3.	Purposes	To meet the urgent requirements of personal nature such as education, marriage of children, foreign travel, family functions, medical expenses etc.
4.	Repayment	48 equated monthly installments (EMIs)
5.	Margin	NIL
6.	Security	i. Salary certificate. ii. 2 gurantors. iii. 48 checks in favour of bank.
7.	Rtae of Interest	The rate of interest shall be decided by the Bank from time to time. (Presently 11.50%)

Urban Housing Loan

Sr.No.	Conditions	Requirements
1.	Maximum limit	Do not exceed 90% of the cost of the House/flat/plot.
2.	Eligibility	The borrower should have attained the minimum age of 21 years & loan will be provided to the eligible borrowers within the whole Panchkula, Chandigarh city.
3.	Purposes	i. Construction of new house/flat; ii. Purchase of existing house/flat; iii. Purchase of residential plot; iv. Payment of earnest money of HUDA plots; v. Repair & Renovation of the dwelling units. vi. Payment of installment/installments of plots allotted by HUDA.
4.	Repayment	The maximum permissible period for the repayment of loan along with the interest charged on it will be 20 years.
5.	Margin	atleast 25% of the total cost of the plot.
6.	Security	Mortgage and Mutation will be created in favour of the bank of plot on which the house is being constructed with first charge of the bank or the pre-constructed house/flat being purchased with bank’s loan.
7.	Rtae of Interest	9% (Floating) and 10.25% (Fixed)

Seven Schemes

Sr.No.	Type Of Scheme	Download Form & Detail
1.	Loans against Gold Ornaments/Jewellery
2.	Scheme for purchase of consumer durable
3.	Cash credit facility to businessmen/Traders against collateral or hypothecation of stock in trade.
4.	Loans to parents of students pursuing professional degree courses of education like Engineer, Medicine etc. on the basis of the repaying capacity of parents.
5.	Loans to individuals for purchase of auto-rickshaw Taxi-Cars, Motor Buses, Light Commercial Vehicles, Lorries (within the meaning of Small Transport Operators).
6.	Temporary overdraft facility to individuals on the basis of credit report/collateral etc.
7.	Advances against National Savings Certificate (minimum margin of 25%)

AGRICULTURAL CREDITS

Crop Loan/Kisan Credit Card

Sr.No.	Conditions	Requirements
1.	Purpose of the loan	Raising of various crops in Haryana State.
2.	Beneficiary/ Who can borrow	Any agriculturist who is also a member of the PACS (Mninibank)
3.	Amount/Period of the loan admissible	To be worked out by multiplying number of acreage being cultivated to scale of finance for that crop subject to ceiling of a) Cash Rs.75000/- b) Kind Rs.25000/- Loan is for maximum period of 12 months.
4.	Frequency/mode of release of funds	Funds released by cheque as many time as required by the borrower drawn on concerned branch of CCB/ Mini bank.
5.	Repayment	a) Kharif advances between 1.3 to 31.8 will fall due on 31-1 next year. Rabi advances between 1.9 to 28/29 Feb for next year will fall due on 31-5 next year. (No drawal shall be allowed for a period of more than 12 months) b) In case of failure of crops due to natural calamities, facility of conversion of loan into medium term loan available.
6.	Security	1. Two personal sureties who are also members of the Minibank. 2. Floating charge on crops being cultivated by raising the loan.
7.	Rtae of Interest	7% (Subject to revision from to time)
8.	Penal rate of interest	5% p.a.

Cash Credit Hypothication Of Stocks

Sr.No.	Conditions	Requirements
1.	Purpose of the loan	Financing procurement & marketing activities
2.	Beneficiary/ Who can borrow	Central/Apex non credit Coop. Societies in Haryana.
3.	Amount/Period of the loan admissible	Amount as per instructions of RBI/NABARD/RCS from time to time Period = 12 months.
4.	Frequency/mode of release of funds	Cash credit account operatable through cheques.
5.	Repayment	Cash credit limit for one year renewable based on past performance.
6.	Security	1. Hypothecation/pledge of stocks, 2. Cooperative papers 3. State Govt. guarantee, if considered necessary.
7.	Rtae of Interest	10% p.a.(subject to revision from time to time)
8.	Margin	Upto 40%
9.	Contact Person	M.D. concerned Central Coop. Bank, M.D./DGM(AC) HARCOBANK./th>

Interim finance by way of cash credit

Sr.No.	Conditions	Requirements
1.	Purpose of the loan	To meet temporary financial requirement of HSLDB for making advances to farmers during the interim period when release of funds by NABARD gets delayed.
2.	Beneficiary/ Who can borrow	HSLDB.
3.	Amount/Period of the loan admissible	Rs. 100.00 crores one year.
4.	Frequency/mode of release of funds	Cash credit drawable by submitting debit note and a certificate regarding end-use.
5.	Repayment	1.Cash credit limit for one year repayable fully by March 31st. 2.Renewable based on part performance
6.	Security	Cooperative papers.
7.	Rtae of Interest	8.5% p.a.(subject to revision from time to time
8.	Margin	Nil
9.	Contact Person	M.D. concerned Central Coop. Bank, M.D./DGM(AC) HARCOBANK./th>
10.	Penal rate of Interest	1% p.a./th>

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