Loans Provided to Individuals/ Institutions from TDCB

GENERAL CONDITIONS

  • Only a resident of Thrissur District can apply for Loan.
  • Loan must be closed according to the age limit fixed by the Bank.(Now it is 70 Years)
  • Minimum 5 cents of property should be given as security.
  • 2 Loans can be sanctioned according to the valuation of security given.
  • Property pledged for housing loan can also be accepted for an additional Simple Loan if necessary
  • Applicant must be a Customer of the Bank. i.e.SB/CD Account Holder.
  • Applicants own property or any other property in Thrissur District Can be pledged as security.
  • Free Road Accessibility to the security given must be there.
  • 1% Share linkage must be remitted on the sanctioned amount.
  • 1% penalty + tax must be taken as discharge fee on the amount sanctioned if the Loan is closed before 1 year as from the issue date.
Purpose Simple Loan on Term Deposits (SL on TD)
Maximum Amount 90% of the Deposit Amount
Period As per the Period of the Term Deposit.
Security

Lien on Deposit Receipt.

Security Norms

Loan upto 90% of the deposit.

Present Rate of Interest
Purpose Solar (SPV) Loan
Maximum Amount 2 lakh
Period 60 Months EMI
Security

Approved project report, Tax Receipt, Copy of the Original Document attested by the Manager

Security Norms

Own fund should be 20% of the Contract cost. 80% will be loan. Unit should be insured. Eligible for subsidy upto 30-40%.

Present Rate of Interest
Purpose Industrial Loan/ Term Loan (to Builders, Merchants organisations and Shopping Complex, Companies/ Municipality/ Corporation/Local Bodies)
Maximum Amount Maximum 10 Crores or 2/3rd Amount of the Estimate which ever is less.
Period 7 to 10 Years
Security

Property security

Security Norms

Loan disbursed according to the Project. (if the value of the the remodeled building and its land covers double the total Loan amount there is no need for additional securities.) All assets coming using this loan amount must be pledged to the Bank. Project Report, 3 years Audited B/s, 5 years projected B/S, Certificate of incorporation, MOU and MOA.

Present Rate of Interest
Purpose Business Cash Credit
Maximum Amount 40 lakh
Period 1 Year
Security

Property security

Security Norms

Stock Statement, License, Project Report, Audited + Projected B/S, all improvements in the business.

Present Rate of Interest
Purpose Secured OD to (professionals, Doctors, Engineers, etc.)
Maximum Amount 40 lakh
Period 1 Year
Security

Property + copy of Income Tax Filed

Security Norms

8 times of the Net income or 50% of the net value of the property pledged whichever is less.

Present Rate of Interest
Purpose Secured Overdraft To Contractors
Maximum Amount 40 lakh
Period 1 Year
Security

Property surety, License, Power of Attorney, Work order, work estimate, work agreement etc to be produced

Security Norms

Withdrawal allowed up to 60% of the Contract Amount

Present Rate of Interest
Purpose Secured Overdraft For Individuals /Partnership firms
Maximum Amount 40 lakh
Period 1 Year
Security

Copies of the last 3 years audited B/S, Sales Return, project report, projected B/S for 5 years.

Security Norms

50% of the value of the security or 20% of the Sales Turn Over or 6 times the Net Profit which ever is less

Present Rate of Interest
Purpose Reverse Mortgage Loan
Maximum Amount 40 lakh
Period 15 Years for those who are under the age of 75 and 10 Years for those above the age of 75
Security

House with Property

Security Norms

Eligible for 75-90% percent of the Security(property).

Present Rate of Interest
Purpose Loan in lieu of NSC/KVP
Maximum Amount 1 lakh
Period As per the Maturity Period of the Term Deposit.
Security

NSC/KVP Deposit

Security Norms

75% of the Deposit amount is eligible as Loan. But must authorize the bank to collect the maturity value. Authorization to the Bank on the Deposit Receipt to collect the maturity value/LIEN from the concerned Post Office.

Present Rate of Interest
Purpose Loan for higher Education to Cooperative employees for their children Higher Education.
Maximum Amount 10 lakh
Period 10 Years
Security

Property / personal Surety

Security Norms

Interest should paid monthly on the outstanding amount. Repayment should be started 3 months after completing the same course.

Present Rate of Interest
Purpose Education Loan (for Higher education in India)
Maximum Amount 5 lakh
Period Repayment should started either after 12 months or the the Successful Completion of the Course / Job Which ever earlier. EMI of 60.
Security

Property / Employee Surety

Security Norms

Repayment period must be fixed upon age limit of parent. (Now 65 years). Loan amount will be 50 times of the Net Income.

Present Rate of Interest
Purpose Simple Loan to Business man
Maximum Amount 3 lakh
Period 36 Months
Security

Personal Surety / Stock

Security Norms

Surety of 1 Merchant + 1 Surety from his home. Conditions for Vyaparamithra scheme is applicable.

Present Rate of Interest
Purpose Vehicle Loan
Maximum Amount 15 lakh
Period 60 Months
Security

Property / Deposit Receipt / Personal surety

Security Norms

Property / Term Deposit / Personal surety equivalent to 90% of the Value of the Vehicle to be bought (including tax)

Present Rate of Interest
Purpose Comprehensive Homestead Development. Scheme Loan
Maximum Amount 25 lakh
Period 120 Months (EMI), Out of which 6 months Pre EMI (i.e114+6=120)
Security

Applicants own property having twice the value of the Loan amount.

Security Norms

All documents for Simple Loan + Plan and Estimate and building permit of the project.

Present Rate of Interest
Purpose Simple Overdraft(for customers various purposes)
Maximum Amount 4 lakh
Period 60 Months
Security

Personal Surety or 2 times worth of the property.

Security Norms

Maturity Value of the RD should be grater than the proposed OD. Loan period will be 1 year and the same has to be renewed accordingly.

Present Rate of Interest
Purpose Loan to Mahila Pradhan Agents for buying Computer, Two Wheelers etc
Maximum Amount 1 lakh
Period 60 Months
Security

Personal surety

Security Norms

Surety of the 2 equivalent agents of the applicant + advice letter from the District Savings Officer+quatation.

Present Rate of Interest
Purpose Simple Loan to Headload Workers (Registered under Head Load Workers Welfare Board)
Maximum Amount 1 lakh
Period 60 Months
Security

Personal surety

Security Norms

2 Sureties working in the pool and the Declaration of the Board official. Total Loan Amount must be 10 times the income of applicant or Rs.1 Lakh whichever is less

Present Rate of Interest
Purpose Marriage Loan
Maximum Amount 5 lakh
Period 120 Months
Security

Same rules for Simple Loan - applicable / Personal Security

Security Norms

All documents for the Simple loan + Marriage invitation.

Present Rate of Interest
Purpose Simple Loan under Medical ground
Maximum Amount 1 lakh
Period 120 Months
Security

Same rules for Simple Loan - applicable

Security Norms

All Documents for Simple Loan, Reference letter from Doctor who treated at hospital, all original bills

Present Rate of Interest
Purpose KESRU :- Loan to those who are eligible for Govt jobs and a registered member in the Employment Exchange
Maximum Amount 1 lakh
Period 60 Months
Security

Same rules for Simple Loan - applicable

Security Norms

Loan application should be through Employment exchange officer where the name is registered. Security of Simple Loan can be accepted. (Property, Personal securities). Out of the total Loan Amount, 20% will be treated as subsidy. Age limit should be between 21 to 40 Relaxation of 5 years for SC/ST category. Minimum yearly income must be Rs.500/- and maximum Family Income must be 24000/-

Present Rate of Interest
Purpose Salary Recovery Loan to to Paramekkav, Thiruvambady and Cochin Dewaswam board employees
Maximum Amount 5 lakh
Period 120 Months
Security

Other Employee

Security Norms

An employee of the same Institution with same salary scale and service. Attested undertaking in the prescribed form should be submitted by the employer agreeing to deduct and transfer monthly installment to the loan account.

Present Rate of Interest
Purpose Loan to pensioners who is eligible for pension from Kerala State coop board.
Maximum Amount 1 lakh
Period 60 Months
Security

Other Pensioner

Security Norms

Surety must be a Pensioner from KSC Board Husband / Wife must be a party in agreement.A pensioner from KSC Board can be accepted of the absence of Husband / Wife to the Agreement

Present Rate of Interest
Purpose Salary Deduction Loan for the permanent staffs of government, aided schools etc
Maximum Amount 6 lakh
Period 120 Months
Security

Personal surety of the staff with same designation in the same organization.

Security Norms

An attested undertaking in the prescribed form should be submitted by the employer agreeing to deduct and transfer monthly installments of loan concerned loan account. Loan amount sanctioned will be 40 times of his net salary or 75% of the repayment capacity whichever is less.

Present Rate of Interest
Purpose Personal Surety Loan
Maximum Amount 3 lakh
Period 120 Months
Security

Personal Surety

Security Norms

For availing Rs.100000: Minimum 2 Personal surety having net salary 9000 of which net salary of 1 should not be less than 2000 100001- 2 lakh : Minimum 2 Personal surety having net salary 12000 of which net salary of 1 should not be less than 4000 2 lakh to lakh : Minimum 3 Personal surety having net salary 18000 of which net salary of 1 should not be less than 6000. IF the Applicant is a Govt Employee, 2 sureties are enough.

Present Rate of Interest
Purpose Simple Loan to Individual
Maximum Amount 40 Lakh
Period 120 Months
Security

45 times of the Net Income or Half the Value of the Property pledged whichever is less As a special case if the loan is through H.O. Branch, and the property pledged is worth enough, 3 Loans for Rs.40Lakhs each can be allowed. (i.e.40Lakhx3=120Lakhs)

Security Norms

Original Documents, Prior Deeds, Encumbrance certificate for the last 16 years, Tax Receipts, LA, Possession Location Sketch, Income Certificate.

Present Rate of Interest
Purpose RD Linked OD to Retired Staff
Maximum Amount Maximum 10 lakh or 60 times of the monthly eligible pension Amount(Whichever is less)
Period 99 Months
Security

Applicant and all the legal hairs of applicant will be sureties.

Security Norms

An RD account to be opened according to the maturity value that covers the OD amount. Monthly RD installments + OD Interest amount should not exceed 60times of the pension amount.

Present Rate of Interest
Purpose Consumer Loan to Reputed Customers
Maximum Amount 5 lakhs
Period nil
Security

80% of the Bill Amount

Security Norms

For purchasing consumer goods

Present Rate of Interest
Purpose UTKRISHTA OD - on RuPay Card Linked
Maximum Amount 3 lakh
Period 3 Years. yearly renewal required.
Security

nil

Security Norms

1.40% of the net salary of the Applicant/Sureties, 2.40% of the market value of the Gold pledged 3.85% of the FD

Present Rate of Interest
Purpose Spl. Gold Loan
Maximum Amount 40 lakh
Period 6 Months. Monthly renewal required.
Security

Gold

Security Norms

75% of the Pledged ornaments

Present Rate of Interest