Loan Schemes
Home Loan
At Payyannur Service Co-operative Bank, we believe your dreams deserve a strong foundation. Our Home Loan schemes are designed to help you build or purchase your dream home with low interest rates, flexible repayment options, and a simple approval process.
We offer housing loans at competitive interest rates, tailored to suit the needs of individuals and families. With repayment periods of up to 10 years, you can make your homeownership journey easy and affordable through convenient monthly installments.
Who Can Open a Current Account
Flexible repayment period of up to 10 years
Flexible repayment period of up to 10 years
Easy documentation and quick processing
Monthly installment repayment option
Trusted and transparent loan process
Eligibility Criteria
The applicant must be an A-Class member of Payyannur Service Co-operative Bank.
The applicant should own the land or plot where the construction is proposed.
Application Procedure
Submit the loan application along with the required documents at your nearest branch.
The branch verifies the application and forwards it to the Head Office with their recommendation.
After obtaining a legal opinion and property verification, the Head Office sanctions the loan and issues the approval order.