The Kaduthuruthy Urban Co-Operative Bank has a banking experience of about half a centaury. It was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital. In November 1974 itself the Bank came under the Banking Regulation Act from then onwards its deposits are having Insurance Coverage.
The bank offers loans such as Agricultural or Non Agricultural loans, Business Loans, Home Loan, Vehicle Loans, Education Loans, and Loan for Self Employment purpose etc.
Purpose – To offer loans to business men to develop their business
Eligibility – Business men with repaying capacity
Quantum of loan – Maximum Rs 25 Lakhs as cash credit loan
Rate of Interest –
| S.no | SLAB | INT.RATE % |
| 1 | up to 50000 | 13 |
| 2 | 50001 to 100000 | 13.50 |
| 3 | 1 lakh to 2 lakh | 14.50 |
| 4 | 2 lakhs to 5 lakhs | 15 |
| 5 | 5 lakhs to 10 lakhs | 15.50 |
| 6 | 10 lakhs to 25 lakhs | 16.50 |
Others – The bank has introduced a golden scheme were the deceased loanee maintaining a no due loan account shall receive an amount of Rs 25,000/- credited in his loan account from the bank’s side.