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Type of loan : Medium term loan – Non-agriculture.
Method of Repayment : Non- EMI
Purpose : Marriage / Domestic / Treatment purpose
Eligibility Criteria : Pensioners below the age of 75
Scale of finance : Not applicable.
Limit of loan : Up to Rs: 100000.
Margin : Not applicable.
Holiday period : Not applicable.
Repayment period : 60 months or the period at which the loanee attains the of 75 years whichever is less
Rate of interest : As per interest structure.
Penal Interest : 2% for overdue installments. When the loan becomes fully overdue 2% of additional interest on contract rate is charged.
Charges : 1) Up to 50000 service charge is collected @ 0.25% of total Loan amount sanctioned. Above 50000 it is @0.5%.this is credited under the head HO Miscellaneous income.
2) Risk fund @ 0.25% of loan amount is collected from the loanee with a minimum of Rs: 50 and a maximum of Rs: 375. Risk fund collected is kept under Suspense liability and once in a month transferred to HO.
Subsidy/Re-finance : Nil
Security : Personal surety.
This loan is linked with the pension amount, ie, monthly amount should be deducted from the concerned SB account.
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LOANS TO RETIRED EMPLOYEES
Type of loan : Medium term loan – Non-agriculture.
Method of Repayment : EMI
Purpose : For remitting the amount in pension fund
Eligibility Criteria : Ex-Staff
Scale of finance : Not applicable.
Limit of loan : Up to Rs:500000.
Margin : Not applicable.
Holiday period : Not applicable.
Repayment period : 1) 120 months for the loanees whose age is below 65 years.
2) For loanees above 65 years 100 months or the period which the loanee attains the age of 80 years whichever is earlier.
Rate of interest : As per interest structure.
Penal Interest : 2% for overdue installments. When the loan becomes fully overdue 2% of additional interest on contract rate is charged.
Charges : Risk fund @ 0.25% of loan amount is collected from the loanee with a minimum of Rs: 50 and a maximum of Rs:375. Risk fund collected is kept under Suspense liability and once in a month transferred to HO.
Subsidy/Re-finance : Nil
Security : Personal / Collateral security.
LOANS TO SMALL SCALE
BUSINESSMEN AND TRADERS
Type of loan : Short term loan – Non-agriculture.
Method of Repayment : Non-EMI
Purpose : Trading Purpose.
Eligibility Criteria : Traders / Small businessmen.
Scale of finance : Not applicable.
Limit of loan : Up to Rs: 100000
Margin : Not applicable.
Holiday period : Not applicable.
Repayment period : 36 Months.
Rate of interest : As per interest structure.
Penal Interest : 2% for overdue installments. When the loan becomes fully overdue 2% of additional interest on contract rate is charged.
Charges : 1) Up to 50000 service charge is collected @ 0.25% of total Loan amount sanctioned
2) Above 50000 it is @ 0.5%.this Is credited under the head HO Miscellaneous income.
3) Risk fund @ 0.25% of loan amount is collected from the loanee with a minimum of Rs: 50 and a maximum of Rs: 375.
Risk fund collected is kept under suspense liability and once in a month transferred to HO.
Subsidy/Re-finance : Nil
Security : Personal / Collateral security.
These types of loans are not issued now.
Insurance of stock in the joint name of bank and the loanee should be submitted.
LOAN AGAINST SECURITY OF TERM DEPOSITS
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Type of loan : Short term loan – Non-agriculture.
Method of Repayment : Non-EMI
Purpose : Various purposes.
Eligibility Criteria : To individuals and institutions.
Scale of finance : 90% of term deposit amount. (In case of
Eduplus deposit it is 85%)
Margin : 10% (In case of Eduplus deposit it is 15%)
Holiday period : Not applicable.
Repayment period : Maturity date of term deposit or three years
Whichever comes first.
Rate of interest : 2% above the contract rate of term deposit.
Penal Interest : Not applicable.
Charges : Not applicable.
Subsidy/Re-finance : Nil
Security : Term deposit receipt.
If the term deposit is closed within 15 days(ie,minimum period of FD), then the rate of interest of deposit loan will be the prevailing lending rate applicable to Consumption loans.
On maturity date of the deposit the loan should be closed and the balance proceeds should be transferred to suspense account or customer’s operative account according to option given by the customer.
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Type of loan : Medium term loan – Non-agriculture.
Method of Repayment : Non-EMI / EMI
Purpose : Trading Purpose.
Eligibility Criteria : Traders / Small businessmen.
Scale of finance : Not applicable.
Limit of loan : Up to Rs: 200000.
Margin : Not applicable.
Holiday period : Not applicable.
Repayment period : 36 Months.
Rate of interest : As per interest structure.
Penal Interest : 2% for overdue installments. When the loan is fully overdue 2% of additional interest on contract rate is charged.
Charges : 1) Up to 50000 service charge is collected @ 0.25% of the total Loan amount sanctioned.
Above 50000 it is @ 0.5% and this is credited under the head HO Miscellaneous income.
2) Risk fund @ 0.25% of loan amount is collected from the Loanee with a minimum of Rs: 50 and a maximum of Rs: 375.
Risk fund collected is kept under Suspense Liability and once in a month transferred to HO.
Subsidy/Re-finance : Nil
Security : Personal / Collateral security.
Insurance of stock in the joint name of bank and the loanee should be submitted.
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LOANS TO EMPLOYEES OF AFFILIATED TO SOCIETIES
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Type of loan : Medium term loan – Non-agriculture.
Method of Repayment : Non-EMI
Purpose : Housing / Vehicle Loan Purpose.
Eligibility Criteria : Employees of affiliated Societies
Scale of finance : Not applicable.
Limit of loan : Up to Rs: 500000.
Margin : Not applicable.
Holiday period : Not applicable.
Repayment period : 60 Months.
Rate of interest As per interest structure.
Penal Interest : 2% for overdue installments. When the loan is fully overdue 2% of additional interest on contract rate is charged.
Charges : 1) Up to 50000 service charge is collected @ 0.25% of the total Loan amount sanctioned. Above 50000 it is @ 0.5% and this is credited under the head HO Miscellaneous income.
2) Risk fund @ 0.25% of loan amount is collected from the Loanee with a minimum of Rs: 50 and a maximum of Rs:375. Risk fund collected is kept under Suspense Liability and once in a month transferred to HO.
Subsidy/Re-finance : Nil
Security : Personal / Collateral security.
Insurance of stock in the joint name of bank and the loanee should be submitted.
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LOANS TO SMALL SCALE
BUSINESSMEN AND TRADERS
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Type of loan : Short term loan – Non-agriculture.
Method of Repayment : Non-EMI
Purpose : Trading Purpose.
Eligibility Criteria : Traders / Small businessmen.
Scale of finance : Not applicable.
Limit of loan : Up to Rs: 100000
Margin : Not applicable.
Holiday period : Not applicable.
Repayment period : 36 Months.
Rate of interest : As per interest structure.
Penal Interest : 2% for overdue installments. When the loan becomes fully overdue 2% of additional interest on contract rate is charged.
Charges : 1) Up to 50000 service charge is collected @ 0.25% of total Loan amount sanctioned
2) Above 50000 it is @ 0.5%.this Is credited under the head HO Miscellaneous income.
3) Risk fund @ 0.25% of loan amount is collected from the loanee with a minimum of Rs: 50 and a maximum of Rs: 375.
Risk fund collected is kept under suspense liability and once in a month transferred to HO.
Subsidy/Re-finance : Nil
Security : Personal / Collateral security.
These types of loans are not issued now.
Insurance of stock in the joint name of bank and the loanee should be submitted.
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LOANS TO INDIVIDUALS FOR ACQUIRING
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Type of loan : Medium term loan – Non-agriculture.
Method of Repayment : Non-EMI
Purpose : Purchase of consumer articles.
Eligibility Criteria : Individuals.
Scale of finance : Not applicable.
Limit of loan : Upto Rs:100000.
Margin : 20% of the value of product.
Holiday period : Not applicable.
Repayment period : 60 Months.
Rate of interest : As per interest structure.
Penal Interest : 2% for overdue installments. When the loan becomes fully overdue 2% of additional interest on contract rate is charged.
Charges : 1) Up to 50000 service charge is collected @ 0.25% of total Loan amount sanctioned. Above 50000 it is @ 0.5%.this is credited under the head HO miscellaneous income.
2) Risk fund @ 0.25% of loan amount is collected from the loanee with a minimum of Rs: 50 and a maximum of Rs: 375. Risk fund collected is kept under Suspense Liability and once in a month transferred to HO.
Subsidy/Re-finance : Nil
Security : Personal / Collateral security.
These types of loans are not issued now.
Insurance of stock in the joint name of bank and the loanee should be submitted.
Hypothecation of stock
Subsidy/Re-finance : Nil
Security : Personal / Collateral security.
These types of loans are not issued now.
Insurance of stock in the joint name of bank and the loanee should be submitted.
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VEHICLE LOANS TO INDIVIDUALS
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Type of loan : Medium term loan – Non-agriculture.
Method of Repayment : Non-EMI
Purpose : Purchase of Vehicles
Eligibility Criteria : Individuals.
Scale of finance : Not applicable.
Limit of loan : 80% of cost of vehicle or up to Rs:1000000 whichever is less.
Margin : 20% of cost of vehicle.
Holiday period : Not applicable.
Repayment period : 60 Months.
Rate of interest : As per interest structure.
Penal Interest : 2% for overdue installments. When the loan becomes fully overdue 2% of additional interest on contract rate is charged.
Charges : 1) Up to 50000 service charge is collected @ 0.25% of total Loan amount sanctioned. Above 50000 it is @ 0.5%.this Is credited under the head HO miscellaneous income.
2) Risk fund @ 0.25% of loan amount is collected from the loanee with a minimum of Rs: 50 and a maximum of Rs: 375. Risk fund collected is kept under Suspense Liability and once in a month transferred to HO.
Subsidy/Re-finance : Nil
Security : Personal / Collateral security.
Insurance of stock in the joint name of bank and the loanee should be submitted.
Hypothecation of stock
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LOAN TO INDIVIDUALS FOR
COMPUTER & PERIPHERALS
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Type of loan : Medium term loan – Non-agriculture.
Method of Repayment : Non-EMI
Purpose : Purchase of Computers & Peripherals.
Eligibility Criteria : Individuals
Scale of finance : Not applicable.
Limit of loan : 90% of the quotation up to a maximum of Rs:50000.
Margin : 10%
Holiday period : Not applicable.
Repayment period : 72 Months.
Rate of interest : As per interest structure.
Penal Interest : 2% for overdue installments. When the loan becomes fully overdue 2% of additional interest on contract rate is charged.
Charges : 1) Up to 50000 service charge is collected @ 0.25% of total Loan amount sanctioned. Above 50000 it is @ 0.5%.this is credited under the head HO Miscellaneous income.
2) Risk fund @ 0.25% of loan amount is collected from the loanee with a minimum of Rs: 50 and a maximum of Rs:375. Risk fund collected is kept under Suspense liability and once in a month transferred to HO.
Subsidy/Re-finance : Nil
Security : Personal / collateral security.
Insurance of stock in the joint name of bank and the loanee should be submitted.
Hypothecation of stock
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CONSUMPTION LOAN TO HEAD LOAD WORKERS
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Type of loan : Medium term loan – Non-agriculture.
Method of Repayment : Non-EMI
Purpose : Marriage / Domestic / Treatment purpose .
Eligibility Criteria : Individuals (Head load workers).
Scale of finance : Not applicable.
Limit of loan : 10 times of average salary subject to a maximum of Rs: 75000
Margin : Not applicable.
Holiday period : Not applicable.
Repayment period : 60 Months.
Rate of interest : As per interest structure.
Penal Interest : 2% for overdue installments. When the loan becomes fully overdue 2% of additional interest on contract rate is charged.
Charges : 1) Up to 50000 service charge is collected @ 0.25% of total Loan amount sanctioned. Above 50000 it is @ 0.5%.this is credited under the head HO miscellaneous income.
2) Risk fund @ 0.25% of loan amount is collected from the loanee with a minimum of Rs: 50 and a maximum of Rs:375. Risk fund collected is kept under Suspense Liability and once in a month transferred to HO.
Subsidy/Re-finance : Nil
Security : Personal Surety.
Installment amount should be automatically debited from the concerned savings account.
This loan should be categorized under loan to weaker sections.
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LOANS TO PENSIONERS
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Type of loan : Medium term loan – Non-agriculture.
Method of Repayment : Non- EMI
Purpose : Marriage / Domestic / Treatment purpose
Eligibility Criteria : Pensioners below the age of 75
Scale of finance : Not applicable.
Limit of loan : Up to Rs: 100000.
Margin : Not applicable.
Holiday period : Not applicable.
Repayment period : 60 months or the period at which the loanee attains the of 75 years whichever is less
Rate of interest : As per interest structure.
Penal Interest : 2% for overdue installments. When the loan becomes fully overdue 2% of additional interest on contract rate is charged.
Charges : 1) Up to 50000 service charge is collected @ 0.25% of total Loan amount sanctioned. Above 50000 it is @0.5%.this is credited under the head HO Miscellaneous income.
2) Risk fund @ 0.25% of loan amount is collected from the loanee with a minimum of Rs: 50 and a maximum of Rs: 375. Risk fund collected is kept under Suspense liability and once in a month transferred to HO.
Subsidy/Re-finance : Nil
Security : Personal surety.
This loan is linked with the pension amount, ie, monthly amount should be deducted from the concerned SB account.
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CONSUMPTION LOAN TO INDIVIDUALS
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Type of loan : Medium term loan – Non-agriculture.
Method of Repayment : Non-EMI
Purpose : Marriage / Domestic / Treatment Purpose.
Eligibility Criteria : Individuals.
Scale of finance : Not applicable.
Limit of loan : Rs: 20 lakh
Margin : Not applicable.
Holiday period : Not applicable.
Repayment period : 100 Months.
Rate of interest : As per interest structure.
Penal Interest : 2% for overdue installments. When the loan becomes fully overdue 2% of additional interest on contract rate is charged.
Charges : 1) Up to 50000 service charge is collected @ 0.25% of total Loan amount sanctioned. Above 50000 it is @ 0.5%.this Is credited under the head HO miscellaneous income.
2) Risk fund @ 0.25% of loan amount is collected from the loanee with a minimum of Rs: 50 and a maximum of Rs:375. Risk fund collected is kept under Suspense liability and once in a month transferred to HO.
Subsidy/Re-finance : Nil
Security : Personal Surety and Mortgage security.
Note:
Personal surety: Maximum loan amount- Rs: 2 lakh.
Staff members can also avail this loan. In that case maximum amount is one lakh and the rate of interest is 2% below the prevailing rate. Maximum period is 60 months and security is personal surety of another staff.
LOAN
FOR INDUSTRIAL PURPOSE
Type of loan
: Long term loan –
Non-agriculture.
Method of Repayment
: Non-EMI
Purpose
: Industrial Purpose (self
employment).
Eligibility
Criteria
: Individuals
& Institutions.
Scale of
finance
: Not applicable.
Limit of
loan
: According to the
project.
Margin
: Project based
Holiday
period
: 6 / 12 months (Interest
is to be remitted in holiday period)
Repayment
period
: As per project
Rate of
interest
: As per interest
structure.
Penal
Interest
: 2% for overdue
installments. When the loan becomes fully overdue 2% of additional interest on
contract rate is charged.
Charges
: 1) Up to
50000 service charge is collected @ 0.25% of total Loan amount sanctioned.
Above 50000 it is @ 0.5%.this is credited under the head HO
miscellaneous income.
2) Risk fund @ 0.25% of
loan amount is collected from the loanee with a minimum of Rs: 50 and a maximum
of Rs:375. Risk fund collected is kept under Suspense liability and once in a
month transferred to HO.
Subsidy/Re-finance
: Yes.
Security
: Personal Surety and
Mortgage security.
Personal surety - Upto one lakh only. Insurance policy in
the joint name of bank should be submitted to bank.
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LOAN FOR CONSTRUCTION OF
SHOPPING COMPLEX
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Type of loan
: Long term loan –
Non-agriculture.
Method of Repayment
: Non-EMI
Purpose
: Construction of shopping / housing
complex
Eligibility
Criteria
: Individuals,
Institutions and companies.
Scale of
finance
: Not applicable.
Limit of
loan
: Rs:500 lakh or 2/3rd of
estimated cost whichever is less.
Margin
: 1/3rd of
estimated cost.
Holiday
period
: Depends on project
Repayment
period
: Depends on project
Rate of
interest
: As per interest
structure.
Penal
Interest
: 2% for overdue
installments. When the loan becomes Fully overdue 2% of additional interest
on contract rate is Charged.
Charges
: 1) Upto
50000 service charge is collected @ 0.25% of total Loan amount
sanctioned. Above 50000 it is @ 0.5%.this Is credited under the head HO
Miscellaneous Income.
2) Risk
fund @ 0.25% of loan amount is collected from the Loanee with a minimum of
Rs: 50 and a maximum of Rs:375. Risk fund collected is kept under Suspense
Liability and once in a month transferred to HO.
Subsidy/Re-finance
: Yes.
Security : Mortgage
security.
Insurance policy for the estimate amount should be submitted.
Presently the limit is fixed as Rs. 40 lakh as per CMA norms. With the
prior approval of NABARD it can be enhanced. Disbursement according to the
Debt Equity Ratio. Drawal is permitted on production of utilization
certificate from a civil engineer.
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JOINT LIABILITY GROUPS(JLGS)
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We provide loans for Joint Liability Groups. Contact your nearest KDCB
branch or our credit counselling centre for more details.
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KUDUMBASREE
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Kudumbasree Cash Credit to Societies
Only Primary Agricultural
Co-Operative Credit societies within the district are eligible for this
type of loan facility.
Limit is sanctioned on the basis of
outstanding amount of SHG loans issued to their members.
Limit sanctioned for a period of one
year.
Interest is calculated on daily
products basis.
Penal interest @ 2% will be charged
when the account becomes overdrawn(for the overdrawn amount only)
After the expiry of CC limit period
2% additional interest will be charged over the contract rate.
Interest debited on last day of every
quqrter, i.e. March, June, September and December.
Withdrawals are allowed only through
cheque book.
Purpose: These types of loans are
issued for the purpose of issuing SHG loans to their members.
The Society has to submit balance
sheet, profit and loss account
Security: Secured.
Coverage statement will be submitted
before 5th of every succeeding month.
Drawing Power Limit (DPL) is
restricted as 90% of coverage.
The Society is directed to make all
the transactions relating to crop loan through this account only.
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SELF HELP GROUPS(SHGS)
We provide loans for Self Help Groups directly and also through PACS
for own lending to their members and also for various need
based projects. Contact your nearest KDCB branch or our credit counselling
centre for more details.
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