- TRIPURA STATE CO-OPERATIVE BANK LTD.
(A SCHEDULED BANK)
Tripura State Co-operative Bank Ltd. offers Loans Against Advances to provide liquidity to borrowers who have existing term loans or advances with the Bank. This facility allows customers to meet their short-term financial needs without disturbing their ongoing credit arrangements.
Features & Benefits:
✅ Quick Access to Funds: Avail loan facility against your existing advances for urgent or interim financial requirements.
✅ Attractive Interest Rates: Competitive interest rates, lower than unsecured loans.
✅ Flexible Repayment: Repayment period aligned with the tenure and nature of the primary advance.
✅ No Additional Security Required: The loan is backed by the existing advance, reducing documentation burden.
✅ Simple Documentation: Fast-track approval with minimal paperwork.
Eligibility Criteria:
- Existing borrowers of Tripura State Co-operative Bank Ltd. with satisfactory loan track records.
- Advance (loan) should be standard and not classified as NPA.
- Adequate drawing power or margin must be available in the existing account.
Loan Details:
|
Particulars |
Details |
|---|---|
|
Loan Type |
Term Loan / Overdraft Facility |
|
Loan Amount |
Up to 90% of the eligible advance value |
|
Tenure |
As per remaining period of the primary loan or shorter |
|
Interest Rate |
As per prevailing bank norms |
|
Processing Fee |
Nominal charges applicable |
Required Documents:
- Application form duly filled and signed
- Sanction letter and repayment schedule of the existing loan
- Recent statement of the advance account
- KYC documents of the borrower
How to Apply:
Visit your nearest branch of Tripura State Co-operative Bank Ltd. or contact your relationship manager. You can also download the application form from our official website and submit it at your home branch.
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