Loans are given to members of bank who are in need of money for right purpose. Loans can be given in one lump sum for a fixed period and are repayable in monthly installments. Loans are classified as long term, short term, medium term depending upon he purpose for which he loan is required. Short term loans are generally granted for one year. Medium term loan is meant for 1 to 5 years. Long term loans are generally granted beyond 5 years.
Ordinary Loan Interest Rates
| Type of Loan | Interest Rate (%) |
| Ordinary Loan | |
| Upto 200000 | 10% |
| 200001 to 500000 | 11% |
| 500001 and above | 12% |
Housing Loan Interest Rates
| Type of Loan | Interest Rate (%) |
| Housing Loan | |
| Upto 300000 | 9.50% |
| 300001 to 500000 | 9.75% |
| 500001 and above | 10.00% |
Other Loans Interest Rates
| Type of Loan | Interest Rate (%) |
| Agricultural Gold Loan | 7% |
| Education Loan | 7.50% |
| Business Gold Loan | 10% |
| Industrial Loan | 12.50% |
| Gold Loan | 10.50% |
| Two Wheeler Loan | 10.00% |
| ACC Loan | 7% |
| MT Agri. Loan | 7% |
| Vehicle Loan | 10.50% |
| Consumer Loan | 10.00% |
| Over Draft | 12.00% |
Agricultural Loan
With a vision to provide support and encouragement to the agricultural sector, The Keezhmad Service Co-operative Bank has introduced agricultural loans for farmers belonging to all categories. These loans too are provided at very low interest rates so as to help the farmers put in their most to the development of the sector.We provides short term medium term and interest free agricultural loans.
Interest Free Loans
- Paddy Cultivation
- Organic Farming
- Dairy Farmers
All other agricultural loans at 7% interests
Housing Loan
The Keezhmad Service Co-operative Bank has housing loan services which would help you to own your dear home. This type of loan is given to the members who are in the area of operation of bank who wish to construct houses. The maximum amount of loan is up to Rs.1000000. only with sufficient security such as land and building or other type of security.
Document needed for housing loan
Loan application
Assignment Deed
Basic Document
Original and previous documents
Encumbrance certificate 14 years
Land tax receipt (Current Year)
Location sketch
Possession Certificate
Building permission approved by the local body
Plan approved by the local body
Estimate countersigned by planner
Agricultural Gold Loan
The Keezhmad Service Co-operative Bank offers Loan against Gold jewelry. Bank offers Gold loan for various agricultural activities. Agriculture gold loans are given at comparatively low interest rates.
Personal Loan
This type of loan is issued o members to meet personal needs or various purposes. The maximum amount of loan is Rs.30000. on the personal sureties of two members either of one must be an A class members.
Document needed
- Loan application
- Recent Passport size photo
- Two Personal Sureties
- Aadhar or ID card of sureties
Consumer Loan
Bank provides loan facility to the members for purchase of consumer goods such as TV, Fridge, washing machine etc.
Vehicle Loan
Bank provides loan facility for purchase of vehicles.
Educational Loan
Bank is providing educational loan for the higher studies of the children of its members
Over Draft
Gives over draft facilities to business and small scale entrepreneur.Giving you a boost when you need it
If all your working capital is tied up and you need to borrow money over the short-term, an overdraft can be a cost-effective form of borrowing. Overdrafts are easy to arrange and offer you the capability to meet your financial obligations.nancial obligations.