The Kaduthuruthy Urban Co-Operative Bank has a banking experience of about half a century. It was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital.
The Bank was successful in increasing its deposits by introducing attractive deposit schemes like Current Account, Savings Account, Fixed Deposit Account, Nithya Vardhini Deposit Account, Recurring Deposit account, Anugraha Cash Certificate, Akshya Deposit Scheme etc. The Members can avail Agricultural /Non Agricultural loans, Business Loans, Home Loan, Vehicle Loans, Education Loans, and Loan for Self Employment purpose etc. And they are sanctioned at the earliest possible.NRE Banking has also been facilitated at all our branches. We always provide high interest rates for Deposits and Serve the public by issuing Demand Drafts, Mail Transfer at Minimal Charges. Locker facility has been introduced at our Kaduthuruthy, Kuruppanthar, and Peruva Branches.
Purpose – The bank offers loans for the purchase of laptops or computers
Eligibility – Salaried individuals, students, self employed etc
Quantum of loan – A maximum of Rs 50,000/- can be availed as loan for purchase Computers or laptops
Rate of Interest – The bank offers computer loan with the following interest rates
| S.no | Slab | Interest Rate |
| 1. | Below 10000 | 13% |
| 2. | 10001 to 50000 | 13% |
Security – Hypothecation Security
Repayment Period – 36 months