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Consumption loan to Individuals

Type of loan

Medium term loan – Non-agriculture

Method of Repayment

Non-EMI/EMI

Purpose

Marriage / Domestic / Treatment Purpose.

Eligibility Criteria

Individuals.

Security

Personal Surety and Mortgage security.

Scale of finance

Not applicable.

Limit of loan

Rs: 60 Lakhs(Mortgage), 2 Lakhs(Personal Surety)

Margin

Not applicable.

Holiday period

Not applicable.

Repayment period

120 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   @ 0.35%.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.

Subsidy/Re-finance

Nil


Note: 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.

News & Events

12-09-2017
IFS Codes of bank/branches has changed
30-08-2017
Tenders invited for Printing and Supply of Calendars and Diaries for 2018
15-06-2017
Revision of Deposit Interest rates with effect from 16-06-2017
05-06-2017
RBI observing Financial Literacy week from June 5-9 across the Country, be a part of it
05-06-2017
Reminiscence of Sri EV Kumaran-Formar bank president held at bank auditorium on 03-06-2017
13-04-2017
Sri A Abdul Rasheed, Joint Registrar of Cooperative Societies has taken charge as Part-Time Administrator of KDC Bank
31-01-2017
KDC Bank Received the NABARD AWARD for the best financial perfomance and initiative under Developmental field during the year 2015-16
08-03-2017
KDC Bank Customers have secured cash back concerned with the Lucky Grahakh Yojana declared by central government recently for promoting digital transaction.
03-11-2016
KDCB Bank got Special Recognition award in DCCB Category in Banking Frontiers Awards
01-08-2016
Bank will not ask your ATM Card Number and Secret PIN in any case. beware of such frauds
08-04-2016
RTGS/NEFT Facility is absolutely FREE at Our Bank without any limit.
08-04-2016
NRE account facility is available at all branches of KDC Bank. Fix an appointment with our branch at your convenience..
08-04-2016
Customers can now easily change their existing bank to our bank for AADHAAR Linking. Submit the Mandate Form to our branch immediately
08-04-2016
All type Scholarship Schemes for School going students can be availed through their KDC Bank accounts,
05-08-2016
All our customers can now enjoy the facility of DBT and All AADHAAR based payments. Link your AADHAAR Number immediately
08-04-2016
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
08-04-2016
Unclaimed deposits Transferred to RBI - DEAF(Depositor Education and Awareness Fund Scheme)-2014 for more details see link Downloads
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