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Vyaparamithra Loan

Type of loan

Medium 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: 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 @ 0.35% 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: 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. 

Security    

Personal / Collateral security. 

Insurance of stock in the joint name of bank and the loanee should be submitted.

News & Events

17-09-2018
KDC Mobile Banking Application is now available in Apple platform
19-12-2017
FIxed Deposit Interest rate has been changed
13-12-2017
KDC Bank RuPay Cards- Get Accidental insurance cover and many more offers
12-09-2017
IFS Codes of bank/branches has changed
31-01-2017
KDC Bank Received the NABARD AWARD for the best financial perfomance and initiative under Developmental field during the year 2015-16
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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