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 –
Eligibility – Gold loan is available at the rate 90% of market value per gram for 3 months and for 6 months period 80% of market value per gram.
Quantum of Loan – Maximum Rs 5 Lakh
Repayment Period – 3 months to 6 months
Rate of Interest – The interest rate for a slab of three months is 10% and 11%for six months
Documents Required – Proof of address, identity, Bank account statement etc
Security – Gold
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.