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 Loans for Self Employment purpose etc. And they are sanctioned at the earliest possible.NRE Banking has also been facilitated at all our branches.
Purpose – To offer educational loan to deserving students
Eligibility – Indian students who have got admission in recorgonised institutions in India and abroad
Quantum of loan – Maximum 15 Lakhs
Repayment Period – 60 months
Rate of Interest – The interest rates for the educational loan is fixed as 14% for loans up to Rs. 5 lakhs and 15% for loans above Rs. 5 lakhs
Security – Property
Others – We have 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.