Loan

Types of Loans

A bank provides loan to members. Loans are meant for improving the standard of living of weaker sections of the society. The bank provides short term, medium term and long term loans. Different types of loans are;

Agricultural Loan

Agricultural loan


This loan is issued for the agricultural needs of members. The period of this loan is 1 year. Agricultural gold loan and Kisan are the main agricultural loan.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 473093 - -
2014-2015 476399 3306 0.6
2015-2016 679793 206700 43.69
2016-2017 421580 -51513 -10.88
2017-2018 4142239 3669146 775.57

Agricultural Gold Loan


Bank provides loan to farmers against gold ornaments to increase their liquidity to meet crop production expenses, investment expenses related to agriculture.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 49278090 - -
2014-2015 71168227 21890137 44.42
2015-2016 68818559 19540469 39.65
2016-2017 39409973 -9868117 -20.02
2017-2018 42595883 -6682207 -13.56

Non Agricultural Loan

Non Agriculture Gold Loan


This loan is issued for domestic and commercial purpose. Self-help group loan, employee housing loan, non-agricultural middle term loan, security loan etc. are non- agricultural loans.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 452447945 - -
2014-2015 443900213 8547732 -1.8
2015-2016 352907708 -99540237 -22.0
2016-2017 352284672 -100163273 -22.13
2017-2018 379930415 -72517530 -16.02

Surety Loan


Surety loan is a short term non-agricultural loan. The loan is provided against the bail of employees. On the bail of two employees with a minimum of Rs.300000/- and in the case of one employee with a maximum of Rs.100000/-. The interest rate is 12%.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 16736850 - -
2014-2015 20974314 4237464 25.31
2015-2016 40934235 24197385 144.57
2016-2017 51770209 35033359 209.31
2017-2018 55416844 38679994 231.11

Mortgage Loan


Mortgage loan is a medium term loan non-agricultural loan. This is provided against the security of land. The interest rate is 12.5%.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 139993730 - -
2014-2015 214060991 74067261 52.91
2015-2016 300038255 160044525 114.32
2016-2017 433716561 293722831 209.8
2017-2018 472128804 332135074 237.24

Deposit Loan


The bank provide loan against the security of fixed deposit. The interest rate is 12%.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 24687752 - -
2014-2015 36601754 11914002 48.25
2015-2016 16627581 -8060171 -32.64
2016-2017 16013372 -8674380 -35.13
2017-2018 15073569 -9614183 -38.94

Cash Credit


A customer is granted loan and is allowed to draw cheque against the banker to loan amount is credited in his current a/c. Here the loan amount is not directly handover to the loan. It is transferred to the current a/c.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 31387851 - -
2014-2015 3546355 -27841496 -88.7
2015-2016 6431162 -24956689 -79.51
2016-2017 14160258 -17227593 -54.88
2017-2018 1715794 -14230257 -45.33

Grihalakhshmi Loan


Grihalakhshmi loan is granted only for women’s in the member of bank without security. The maximum amount of Rs.50000/- is allowed on this loan. The collection agent will collect the amount in daily. It is a short term loan.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 - - -
2014-2015 3165000 - -
2015-2016 14021139 10856139 343.01
2016-2017 21273218 18108218 572.14
2017-2018 8363072 5198072 164.24

Linkage Loan


Linkage loan is a loan provided by the bank to kudumbasree units. The interest rate is 9.1% for 36 months.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 12618620 - -
2014-2015 9803727 -2814893 -22.3
2015-2016 3975881 -8642739 -68.41
2016-2017 1779115 -10839505 -85.9
2017-2018 28489045 15870425 125.77

Home Appliance Loan


This bank co operates with other home appliance showroom in vatakara town for providing loans for house hold purpose. The interest rate is 9.5%.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 - - -
2014-2015 4408720 - -
2015-2016 2204029 -2204691 -50.01
2016-2017 935208 -3473512 -78.78
2017-2018 208539 -4200181 -95.26

Subhayathra


This type of loan is provided for purchase of vehicle. The conditions of loan with a two wheeler vehicle loan in the first phase. In recent days it has taken step to expand its loans including car loans. The interest rate is 12.5%

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 - - -
2014-2015 1565145 - -
2015-2016 2796598 1231453 78.67
2016-2017 2579467 1014322 64.81
2017-2018 1312315 -252830 -16.15

Swayam Thozhil


The loan is issued to kudumbasree members as per the recommendation of CDS for the purpose of self-employed. The interest rate is 10.75% for 36 months.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 - - -
2014-2015 16885966 - -
2015-2016 14727744 -2158222 -12.78
2016-2017 11384358 -5501608 -32.58
2017-2018 4743571 -12142395 -71.91

Housing Loan


To build a house on the land owned by the members of the bank or to maintain the existing home, for purchase of flats, maximum of Rs.2500000/- is issued by the bank.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 - - -
2014-2015 - - -
2015-2016 - - -
2016-2017 9108091 - -
2017-2018 47491525 383834341 421.42

Staff O/D


Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 - - -
2014-2015 - - -
2015-2016 1944501 - -
2016-2017 2308600 361099 18.57
2017-2018 2261904 317403 16.32

Total Loan


Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 727623931 - -
2014-2015 826556811 98932880 13.59
2015-2016 850705185 123081254 16.92
2016-2017 1055634682 328010751 45.1
2017-2018 1211390594 483766663 66.49

© Copyright All Right Reserved | Design by stellentcg