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 etc. The Members can avail Agricultural or Non Agricultural loans, Business Loans, Home Loan, Vehicle Loans, Education Loans, and Loans for Self Employment purpose etc.
Purpose – The loan is offered as a financial assistance
Quantum of Loan – A maximum of Rs 20 Lakh is available as loan for a period of 60 months for various purposes
Repayment period – 60 Months
Rate of Interest – The interest rate at which the bank offers home loan is as follows
| S.no. | Slab | Interest Rate |
| Up to 50,000 | 13% | |
| 50001 to below 1 lakh | 13.5% | |
| 1 lakh to 2 lakh | 14.50% | |
| 2 lakh to 5 lakh | 15% | |
| 5 lakh to 10 lakh | 15.50% | |
| 10 lakh to 25 lakh | 16% |
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.