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Consumption Loan to Head load Workers

Type of loan

Medium term loan – Non-agriculture.

Method of Repayment



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: 100000/-


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.


1)   Up to 50000 service charge is collected @ 0.25% of total   Loan amount sanctioned. Above 50000 it is  @ 0.35%.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:100 and a maximum of Rs:525. Risk fund collected is kept under Suspense Liability and once in a month transferred to HO.




Personal Surety.

Installment amount should be automatically debited from the concerned savings account.
This loan should be categorized under loan to weaker sections.

News & Events

IFS Codes of bank/branches has changed
Tenders invited for Printing and Supply of Calendars and Diaries for 2018
Revision of Deposit Interest rates with effect from 16-06-2017
RBI observing Financial Literacy week from June 5-9 across the Country, be a part of it
Reminiscence of Sri EV Kumaran-Formar bank president held at bank auditorium on 03-06-2017
Sri A Abdul Rasheed, Joint Registrar of Cooperative Societies has taken charge as Part-Time Administrator of KDC Bank
KDC Bank Received the NABARD AWARD for the best financial perfomance and initiative under Developmental field during the year 2015-16
KDC Bank Customers have secured cash back concerned with the Lucky Grahakh Yojana declared by central government recently for promoting digital transaction.
KDCB Bank got Special Recognition award in DCCB Category in Banking Frontiers Awards
Bank will not ask your ATM Card Number and Secret PIN in any case. beware of such frauds
RTGS/NEFT Facility is absolutely FREE at Our Bank without any limit.
NRE account facility is available at all branches of KDC Bank. Fix an appointment with our branch at your convenience..
Customers can now easily change their existing bank to our bank for AADHAAR Linking. Submit the Mandate Form to our branch immediately
All type Scholarship Schemes for School going students can be availed through their KDC Bank accounts,
All our customers can now enjoy the facility of DBT and All AADHAAR based payments. Link your AADHAAR Number immediately
KDCB RuPay Debit cum ATM Card is acceptable in ATMs/Retail Outlets/PoS all over India. Enjoy the convenience of Cashless Shopping Conact KDC Bank Branch for your ATM card
Unclaimed deposits Transferred to RBI - DEAF(Depositor Education and Awareness Fund Scheme)-2014 for more details see link Downloads
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