Email: utcbho@yahoo.co.in
Phone No: 0820 2521143
IFSC Code - UTIB0STCOBL
   
 

News and Events

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Services

  • Evening Counter Facility.
  • Higher Rate of Interest on Deposits.
  • Various Attractive Deposit Schemes.
  • Safe Deposit Lockers facility.

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Contact Us

Teachers’ Co-operative Bank LTD
Head Office: 4th Floor,
Baliga Towers, Near Bus Stand,
Udupi-576101.
Karnataka, India.
Phone No: 0820 - 2521143

 

Loan Schemes

  • SURETY LOAN
  • EMERGENCY LOAN
  • JEWEL LOAN
  • BILLS DISCOUNT
  • N.S.C. LOAN
  • HOME APPLIANCES LOAN
  • DEPOSIT LOAN
  • VEHICLE LOAN
  • LOAN ON LIFE INSURANCE POLICIES
  • HOUSING LOAN
  • MORTGAGE LOAN

 

1. SURETY LOAN                           
Surety loan is sanctioned to the extent of Rs. 8,00,000/- with two sureties as co-obligants

‘C’ Class Members surety loan Rs. 1,00,000.00

Required Documents:

  1. Loan Application and recent passport size photo of applicant & sureties
  2. Voucher
  3. 3 Men Bond
  4. Demand Promissory Note
  5. Form No 49
  6. Authorization Letter
  7. No Due Certificate/Liability certificate from Salary Bank
  8. Salary Certificates of Applicant & Sureties
  9. Standing Instruction letter to Salary Bank
  10. Standing Instruction letter to Pay disbursing Authority
  11. SB a/c statement of 6 months from Salary Bank
  12. If loan period exceeds 36 months
    a) Article of agreement
    b) Letter of guarantee (Stamp paper)
  13. Xerox copy of membership card of applicant & Surety
  14. Letter of Repayment.

2. EMERGENCY LOAN                        
Emergency loan is sanctioned to the extent of Rs. 3,00,000 ( but not exceeding 10,00,000.00) with one surety.

Nominal Members EMERGENCY LOAN  Rs. 1,00,000/

Required Documents:

  1. Loan Application
  2. Voucher
  3. 3 Men Bond
  4. Demand Promissory Note
  5. Standing Instruction letter to Salary Bank
  6. Standing Instruction letter to Pay disbursing Authority
  7. Salary Certificates of Applicant & Sureties
  8. Authorisation Letter
  9. If loan period exceeds 36 months
    a) Article of agreement
    b) Letter of guarantee (Stamp paper)
  10. Letter of Repayment

3. JEWEL LOAN
Loan is sanctioned against the security of gold ornaments For various Purposes

Required Documents:

  1. Loan Application
  2. Voucher
  3. Demand Promissory Note
  4. Gold loan Agreement

4. BILLS DISCOUNT 
 Bills Discount is sanctioned against LIC Cheque, Demand Draft, Dividend Warrant, Refund Order, Govt.Cheque etc

5. N.S.C. LOAN
N.S.C loan is sanctioned against National Savings Certificate

Required Documents:

  1. Loan Application
  2. Voucher
  3. Demand Promissory Note & Letter of Repayment
  4. Post Office Lean Note Application
  5. N.S.C. Encashable Application
  6. N.S.C. Certificates
  7. N.S.C. Lean Cancelable Application

6. HOME APPLIANCES LOAN                  
To  purchase  consumer durable items like  Television, Refrigerators, Air condition,  Washing machines,   Mixers,   Grinders    etc., against the security of items purchased.

 Required Documents:

  1. Loan Application
  2. Voucher
  3. 3 Men Bond
  4. Demand Promissory Note
  5. Invoice
  6. Form No 49
  7. Authorization Letter
  8. Salary Certificates
  9. Standing Instruction letter to Salary Bank
  10. Standing Instruction letter to Pay disbursing Authority

7. DEPOSIT LOAN                          
This loan is sanctioned against Security of Fixed deposit/Recurring Deposit/K.C.C/M.S etc

Required Documents:

  1. Loan Application
  2. Voucher
  3. Demand Promissory Note
  4. Deposit Certificate/Pass Book
  5. For M.S.Deposit-last receipt of cash payment.

8. VEHICLE LOAN

This loan scheme is available for purchase of Vehicles against hypothecation of Vehicle purchase

Required Documents:

  1. Loan application, recent passport size photo of applicant and sureties.
  2. Voucher
  3. 3 Men Bond
  4. Demand Promissory Note
  5. Insurance Premium Paid Receipt & Insurance cover note & policy.
  6. No Due Certificate/Liability certificate from Salary Bank
  7. Salary Certificates
  8. Standing Instruction letter to Salary Bank
  9. Standing Instruction letter to Pay disbursing Authority
  10. Hypothication agreement
  11. Vehicle Key
  12. Quotation from authorized dealer.
  13. Income tax returns-3 years with record of payment to Income tax office.
  14. Driving license
  15. If loan period exceeds 36 months
    a) Article of agreement
    b) Letter of guarantee (Stamp paper)
  16. Receipt or certificate of vehicle purchased.
  17. R.C.Book Xerox (Hypothecation would be noted)
  18. R.T.O form no.29,30,34,35

9 LOAN ON LIFE INSURANCE POLICIES

 This loan is sanctioned against Security of Life Insurance Policy.

Required Documents:

  1. Loan Application
  2. Voucher
  3. Demand Promissory Note & letter of repayment.
  4. Receipt of last Insurance Premium paid
  5. Assigning letter Issued to Insurance Company by the Borrower and Bank
  6. Reassignment letter issued to Insurance Company.
  7. Loan Agreement Letter
  8. Reassignment Application

10. HOUSING LOAN

Housing Loan is sanctioned to the extent of Rs. 50,00,000 for the purpose of

A. Construction/Purchase of flats.
B. Purchase of Ready Built house
C. Construction of House/Repair/Renovation
D. Take-Over of Housing Loan

Required Documents:

A. Construction/Purchase of flats.

  1. Agreement for Sale of Flat
  2. Tripartiate agreement with builder, borrower & banks, builder agreeing for raising loan by the borrower undertaking completion of constructions, to register the property after informing the bank & to refund the amount directly to the bank in case the agreement is cancelled.
  3. Absolute Sale Deed
  4. No-Objection Certificate from Muncipality, Panchayath.
  5. Non Encumbrance Certificate for 13 years from Sub Registrar (uptodate)
  6. Latest Tax paid Receipt
  7. Khata Extract (R.T.C. )
  8. Approved Plan
  9. Sketch of the Flat
  10. Legal opinion from Bank’s Advocate in the bank’s prescribed format.
  11. One member surety
  12. Salary Certificate of Applicant and Surety for the 3 months
  13. Latest Passport size Photograph
  14. Statement of Bank A/c for the last 6 months(Applicant & surety)
  15. Inspection Report by Manager
  16. Income tax returns-3 yrs with record of payment to I.T.office (Applicant and Surety)
  17. Valuation certificate from the bank’s approved valuer/Engineer

B. Purchase of Ready Built house

  1. Agreement for Sale of Property
  2. Absolute Sale Deed
  3. Khata Extract (R.T.C.)
  4. Latest Tax Paid Receipt
  5. Non Encumbrance Certificate for 13 years from Sub Registrar (uptodate)
  6. Approved Plan from Local Authority
  7. Legal Opinion from Bank’s Advocate
  8. Valuation Certificate from Bank’s Valuer/ Engineer
  9. One member surety
  10. Salary Certificate of Applicant and Surety for the 3 months
  11. Latest Passport size Photograph
  12. Statement of Bank A/c for the last 6 months
  13. Inspection report by Manager

C. Construction of House/Repair/Renovation

  1. Absolute Sale Deed
  2. Khata Extract(R.T.C.)
  3. Non Encumbrance Certificate for 13 years from Sub Registrar  (Uptodate)
  4. Estimate of Expenditure on Construction from Architect/ Engineer to be counter signed by the Bank’s panel Engineer/Valuer
  5. Approved Plan from Local Authority
  6. Legal opinion from Bank’s Advocate
  7. One member surety
  8. Salary Certificate of Applicant and Surety for the 3 months
  9. Latest Passport Size Photograph
  10. Statement of Bank A/c for the last 6 months
  11. Inspection report of Manager.
  12. Latest property Tax Paid Receipt.

D. Take-Over of Housing Loan

  1. Outstanding statement
  2. Statement of Account from the date of sanction
  3. No Objection Letter for delivery of Original Documents to Bank
  4. Take Over of “Standard Assets” only/Certificate of Standard Assets
  5. A letter to be addressed by the Borrower to the Financial Institution advising them to deliver the documents upon payment by the Bank
  6. One member surety
  7. Salary Certificate of Applicant and Surety for the 3 months
  8. Latest Passport size Photograph
  9. Statement of Bank A/c for the last 6 months
  10. Inspection report by Manager

11. MORTGAGE LOAN

Loan upto Rs. 50,00,000 to all members except ‘C’ class members.

Required Documents:

  1. Loan application, recent photo of applicant & guarantor
  2. Salary certificate
  3. Income tax return statement of applicant guarantor for 3 yrs
  4. SB statement of applicant & guarantor for 6 months
  5. Legal openion of the immovable property by the bank’s penal advocate in prescribed format enclosing copies of all documents verified & certified by him that he has also verified all original documents wherever required to be available.
  6. Valuation certificate from bank’s approved valuer/engineer
  7. Assets & liability statement of borrowers & guaranters
  8. Demand & promissory note
  9. 3 men bond
  10. Form no.49
  11. Loan agreement duly stamped as per Stamp Act 1957, & letter of guaranter duly stamped
  12. Equitable mortgage by deposit of title deeds of all documents & registration on memorandum of deposits as per the form prescribed by bank’s advocate.
  13. All other usual authorization standing instruction for recovery of loan
  14. Insurance of the property mortgaged renewed every year.