The Zoroastrian Co-op bank Ltd.

The Zoroastrian Co-operative Bank Ltd.

(Scheduled Bank)

The Bank that is Big on Tradition & Trust

Credit Facilities

PERSONAL / RETAIL LOANS

	Housing Loans
	Education Loan
	Vehicle Finance
	Overdrafts & Loans against Demat Shares / Government Relief Bonds / LIC Policies / NSCs to Individuals
	Personal Loans to Salaried Employees
	ZorPro - Loan Scheme for Professionals
	MicroFinance
	ZorBiz Finance

Housing Loans

	Financial assistance for lower and middle income groups upto 70% of agreement value (maximum - Rs. 25.00 Lacs)
	Reasonable repayment period upto 15 years
	Prepayment allowed without extra charge
	Reduced interest rates for loans upto Rs. 5.00 Lacs
	Repayment on equated monthly installment basis

Education Loans

	Loans upto Rs.15.00 lacs per student for studies in India and abroad
	Rate of Interest @ 12% on reducing balance basis
	Easy terms of repayment to cover the course period with one year’s moratorium
	No processing charges

Vehicle Finance

	Vehicle loans at special rates for Professional and Transport Operators at very low margins
	Minimum formalities & expeditious sanctions
	Choose your own vehicle
	Early repayment allowed without any penalty
	Used vehicles also financed
	Bare minimum paper work

Overdrafts & Loans against Demat Shares / Government Relief Bonds / LIC Policies / NSCs to Individuals

	Prompt sanctions and minimum formalities
	Vast range of shares accepted
	No hidden charges
	Dematerialisation facility offered through Stock Holding Corporation of India Ltd

Personal Loans to Salaried Employees

	Loans upto Rs. 1.00 Lac
	Lowest Interest Rate for this category of loan as compared to other Banks
	Repayment upto 36 months
	No security other than a letter from the Borrower and the Employer
	No processing charges

ZorPro - Loan Scheme for Professionals

	For Professionals like Doctors, Lawyers, Chartered Accountants, Architects, Interior Designers, Fashion Designers, Audio & Video Lab Owners
	Special concessions like Easy Installments / No Processing Charges / No Prepayment Charges / One Guarantor
	Loan Amounts ranging from 75% to 90% of Invoice Value, depending upon asset to be acquired

MicroFinance

	A Special MicroFinance Scheme for Entrepreneurs. Under this scheme, a special MicroFinance Fund of Rs. 5 Crores has been set up, out of which they will be financing Entrepreneurs, to help them set up a new business/service/profession or enhance their existing ventures.
	The lending will be in the form of a Term Loan upto a maximum amount of Rs.10 Lacs per borrower, for setting up business/for equipments, machinery, furniture etc.
	Margin will be fixed on case to case basis depending on the financial status of the applicant.
	Repayments will be spread over a maximum period of 60 months by way of fixed EMIs

ZorBiz Finance

	Temporary overdraft facility and / or withdrawal against effects allowed to current account Holders to meet unforeseen / urgent business requirements
	Maximum allowable upto Rs.10.00 Lacs against 50% of the value of property mortgaged

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