In connection with Kerala Bank formation, unified loans and advances are introduced and revised interest rates w.e.f. 01/01/2019, and interest rates are revised w.e.f.01.01.2019
I. Individual Loans & Advances
Sl No | Particulars | Interest Rate |
Existing | Revised |
Cash Credit/Overdraft: |
1 | Over Draft | 12.75 | 12.50 |
2 | Retired Staff RD linked OD | 11.00 | 11.00 |
3 | Cash Credit | 12.75 | 12.50 |
4 | RD linked Over Draft to Society Staff | 11.00 | 11.00 |
5 | Working Capital Over Draft | 12.75 | 12.50 |
6 | OL(T) OD to Individuals | Up to 1 Lakhs | 12.00 | 12.00 |
Above 1 Lakhs | 12.75 | 12.50 |
Housing Loan : |
7 | House construction | 11.00 | 10.00 |
8 | House purchase | 11.00 | 10.00 |
9 | House maintenance | 12.00 | 10.00 |
10 | DDS Agents | 10.00 | 10.00 |
Vehicle Loan |
11 | Vehicle Loan, Car Loan | 12.00 | 11.00 |
12 | Vehicle Loan (DDS Agent) | 10.00 | 9.00 |
Project Term Loan |
13 | Project Term Loan | 12.75 | 12.50 |
Ordinary Loan |
14 | Ordinary Loan | Up to 5 Lakhs | 12.00 | 12.00 |
Above 5 Lakhs | 12.75 | 12.50 |
15 | E-Cap Loan | Up to 5 Lakhs | 12.00 | 12.00 |
Above 5 Lakhs | 12.75 | 12.50 |
16 | Property Purchase Loan | 12.50 | 12.50 |
17 | Medical Loan | 0.00 | 0.00 |
18 | Milch Cattle Loan | 11.00 | 9.00 |
Salary Loan |
19 | EDCB OK Loan | 12.00 | 12.00 |
20 | EDCB Express Loan | Up to 5 Lakhs | 10.75 | 10.75 |
21 | EDCB Express Loan | Above 5 Lakhs | 11.50 | 11.00 |
Micro Finance |
22 | SHG Mt Loan | 9.00 | 9.00 |
23 | Mahila Samrudhi Loan | 9.00 | 9.00 |
24 | JLG Loan - Agriculture | 7.00 | 7.00 |
25 | JLG Loan Non Farm | 10.00 | 10.00 |
26 | JLG Loan Group Business Project | 10.00 | 10.00 |
Professional Education |
27 | Professional Educational Loan | 12.00 | 12.00 |
Gold Loan |
28 | Athulya Gold Loan | 3 Months | 9.00 | 9.00 |
29 | Gold Loan | 6 Months | 11.00 | 10.00 |
30 | Gold Loan | 1 year | 10.50 | 10.50 |
31 | Kanakasree Gold Cash Credit | 9.50 | 9.00 |
32 | Agricultural Gold Loan KCC | 7.00 | 7.00 |
II. Society Loans & Advances
Sl No | Particulars | Interest Rate |
Existing | Revised |
1 | Coir Cash Credit | 9.00 | 9.00 |
2 | Handloom Cash Credit | 10.00 | 10.00 |
3 | Working Capital Overdraft | 11.50 | 11.00 |
4 | Overdraft | 11.50 | 11.50 |
5 | Cash Credit | 11.50 | 11.50 |
6 | Gold Overdraft | 11.00 | 9.50 |
7 | Agriculture Gold Overdraft | 11.00 | 9.50 |
8 | ICDL Loan | 5.00 | 7.50 |
9 | Ordinary Loan - Societies | 12.00 | 12.00 |
10 | Ordinary Loan - Education | 12.00 | 12.00 |
11 | Ordinary Loan - Consumer | 12.00 | 12.00 |
12 | House Loan EMI | 12.5 | 9.75 |
13 | Project Loan | 11.50 | 11.50 |
14 | LT Agricultural Loan | 9.50 | 9.50 |
15 | LT Non Agricultural Loan | 10.00 | 10.00 |
16 | MT Agricultural Loan | 7.50 | 7.50 |
17 | Kissan Credit Card Major | 5.50 | 5.50 |
18 | Kissan Credit Card Weaker | 5.50 | 5.50 |
19 | SHG Loan | 11.00 | 9.00 |
20 | SHG Loan Flood | 8.50 | 8.50 |