Dial-a-loan is a unique product formulated by the Manjeri Co-operative Urban Bank as part of its value added services. Dial-a-Loan is an unsecured personal loan meant to meet the personal needs of salaried non-transferable employees working in Government, aided, Co-operative, self finance, reputed private sector institutions. In order to avail this loan one need not step in to the Bank, just a phone call to the nearest branch will serve his need. For the repayment of Dial A Loan also loane never needed to come to the Bank. At the end of every month the Bank officers will collect the instalment amount from the institutions. By this facility, the valuable time of the loanee and the sureties will be saved. Dial-a-loan is really a friend in need, which smoothens up the cash flow to take care of immediate credit needs.

• Purpose
• 1. Marriage expenses of self, son, daughter or a dependent near relative.
  2. Medical Expenses incurred/to be incurred for self, spouse, children, dependent near relative.
  3. For education of self/spouse/ children/ near dependent relatives.
  4. Any other personal expenses of bonafide nature.
  5. Purchase of consumer durables, computers, professional equipments etc.
• Eligibility
• Persons having A-class membership in the Bank, who are working in non-transferable employment in Government aided schools, Co-operative institutions, reputed self finance, reputed private sector schools, colleges, reputed hospitals and other reputed institutions situates in the area of operation of the Bank.
• Procedure
• The eligible person who is desirous of availing Dial-a-loan has to contact the nearest Branch office where the employed institution situates. The Branch Manager will convey all the details and requirements of dial-a-loan to the party on his/her phone call. The concerned officer in charge will go to the institution and meet personally the proposed loanee, his employer/disbursing officer and the sureties of the loan on the day itself or on the next working day.
• The officer will carry all the required forms and applications. The proposed lonee has to submit duly filled up application for Dial-a-loan, two authority letters signed by the applicant, agreement, salary certificates of the applicant and sureties issued by the disbursing officer to the officer on his visit. After scrutiny of all documentation, the Manager will sanction the loan according to the merit. Then the officer will hand over a pay order for the amount of loan sanctioned. The loanee can encash this pay order from the Branch.
• Charges and other costs
• No extra charges for Dial A Loan. The charges levied are forms, insurance, notice and miscellaneous charges. Please visit the page of service charges in this site
• Period
• Upto 60 months
• Eligible amount
• Maximum Rs. 1 Lakh
  Percentage of share linking is 5%
• Repayment
• Monthly instalment. (EMI)
  For the repayment of Dial A Loan loanee never needed to come to the Bank. At the end of every month the Bank officers will collect the instalment amount from the institutions.
• Rate of interest
• To see the interest rate please visit the page of Interest rate in this site. The overdue penal charge is 2% .