Cauvery Kalpatharu Grameena Bank – Personal Loans

By | March 29, 2011
2 Comments

Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. Cauvery Kalpatharu Grameena (CKG) Bank was established on 24th May 2006 by amalgamation of Cauvery Grameena Bank and Kalpatharu Grameena Bank. It is sponsored by State Bank of Mysore. It is jointly owned by Government of India, State Bank of Mysore and Government of Karnataka, the share capital is contributed in the ratio of 50:35:15 respectively. It is a Scheduled Commercial Banks permitted to carry all kinds of business.

The bank offers a variety of loan products such as personal loan, agricultural loan, vehicle loan etc.

Purpose                      – To meet expenses like marriage, family functions, medical expenses, educational expenses, travel etc.

 

Eligibility                     – Employees of State and Central Government, Public Sector Undertakings, Reputed Hospitals, aided Educational Institutions run by Trusts/Educational Societies, minimum Net salary Income Rs 3000/ per month.

Quantum of loan        – Maximum amount of loan offered by the bank is Rs 1.00 lakhs

 

Repayment                 – The repayment period of the loan

is 12 months to 36 months

 

Rate of Interest         – The rate of interest of the personal loan offered by the bank is 14.00%

 

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

2 thoughts on “Cauvery Kalpatharu Grameena Bank – Personal Loans”

  1. Manjunatha T

    Hi dear sir your bank is very good so pls give me 1 lakh loan kunigal taluk hutridurga hobli tattasandra we want required urgent for agriculture equipements

    Reply ↓
    1. Team BankBazaar

      Dear Manjunatha,
      Thanks for writing to us. We apologise, we don’t provide loans from Cauvery Kalpatharu Grameena Bank. If you need any other loan, we will be happy to help. Click here to explore our loan products.

      Cheers,
      Team BankBazaar

      Reply ↓

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