We provide short term and medium term loan to the members at the reasonable interest rate to meet their various needs. We provide credit to the farmers for agricultural purposes at cheap and easy terms.
| Title | Norms |
| Purpose | 15 Days to 44 Days |
|---|---|
| Eligibility | For land owned and tenant farmers who have ‘A’ Class Membership in the Bank. |
| Limit of Loan | Small Scale Farmers : Rs.3,00,000 |
| Security | Personal Surety : Maximum 1,00,000 Employee Surety : Maximum Rs.3,00,000 Property : Maximum Rs. 10,00,000 |
| Repayment Period | Maximum -12 months |
| Repayment Mode | Within One Year |
| Rate of Interest | Upto 3 Lakhs Rate 7% (Subsidy and subvention by Gvt for prompt repayment 3% Net 4%) Above 3 Lakhs: 7% Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. |
| Title | Norms |
| Purpose | All type of crops cultivated in the area. Includes Paddy, Banana, Tapioca, Vegetables, Coconut, Areacunut,..etc |
|---|---|
| Eligibility | For land owned and tenant farmers who have ‘A’ Class Membership in the Bank. |
| Limit of Loan | Small Scale Farmers : Rs.3,00,000 Large Scale Farmers : Rs.10,00,000 |
| Security | Gold Ornament |
| Repayment Period | Maximum -12 months |
| Repayment Mode | Within One Year |
| Rate of Interest | Upto 3 Lakhs Rate 7% (Subsidy and subvention by Gvt for prompt repayment 3% Net 4%) Above 3 Lakhs: 7% Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. |
| Title | Norms |
| Purpose | For all type of agricultural allied purpose Like: Farming of breeds, farming of Birds, Fish farming, Purchase of agricultural equipments, etc. |
|---|---|
| Eligibility | A Class Membership |
| Limit of Loan | Rs.3,00,000 |
| Security | Personal Surety : Maximum 1,00,000 Employee Surety : Maximum Rs.3,00,000 Property : Maximum Rs. 3,00,000 |
| Repayment Period | Maximum -12 months |
| Repayment Mode | Within One Year |
| Rate of Interest | 10 % (Diminishing) Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. |
| Title | Norms |
| Purpose | For all type of agricultural allied purpose Like: Farming of breeds, farming of Birds, Fish farming, Purchase of agricultural equipments, etc. |
|---|---|
| Eligibility | A Class Membership |
| Limit of Loan | Rs.3,00,000 |
| Security | Personal Surety : Maximum 1,00,000 Employee Surety : Maximum Rs.3,00,000 Property : Maximum Rs. 3,00,000 |
| Repayment Period | 60 Months |
| Repayment Mode | Monthly |
| Rate of Interest | 9 % (Diminishing) Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. |
| Title | Norms |
| Purpose | For all type of agricultural allied purpose Like: Farming of breeds, farming of Birds, Fish farming, Purchase of agricultural equipments, etc. |
|---|---|
| Eligibility | A Class Membership |
| Limit of Loan | Rs.3,00,000 |
| Security | Gold Ornaments |
| Repayment Period | 3 Months |
| Repayment Mode | Within 3 months |
| Rate of Interest | 8.5 % (Diminishing) Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. |
| Title | Norms |
| Purpose | General purposes/any purpose including consumption purpose |
|---|---|
| Eligibility | A/C/D Class Membership |
| Limit of Loan | Rs.25,00,000 up 3 months 80% of market value up 6 months 70% of market value up 3 months 70% of market value |
| Security | Gold Ornaments |
| Repayment Period | 3 Months, 6 Months, 12 Months |
| Repayment Mode | Within due date |
| Rate of Interest | Up to 3 months – 9.5 Up to 6 months – 10 Up to 12 months – 10.5 Penal Interest: 2% extra for default amount |
| Documents Required |
| Title | Norms |
| Purpose | General purposes/any purpose including consumption purpose |
|---|---|
| Eligibility | A/D Class Membership |
| Limit of Loan | Rs.25,00,000/- |
| Security | Gold Ornament |
| Repayment Period | One Year and can be renewed thereafter up to 5 years |
| Repayment Mode | Interest Repayment: Quarterly ending 31st March, 30th June, 30th September and 31st December |
| Rate of Interest | 11 % Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. |
| Title | Norms |
| Purpose | Acquiring Travel/Carriage vehicles including two wheelers for personal use and business use. |
|---|---|
| Eligibility | A/D Class Membership, |
| Limit of Loan | Rs.10,00,000/- |
| Security | Personal Surety : Maximum 50,000 Employee Surety : Maximum Rs.5,00,000 Property : Maximum Rs. 40,00,000 |
| Repayment Period | Maximum - 120 Months |
| Repayment Mode | Monthly/Quarterly |
| Rate of Interest | 10 % (Diminishing) Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. Additional documents needed: Quotation from dealer |
| Title | Norms |
| Purpose | Construction of new House, Purchase land and Construct House, Purchase a New House, Purchase a New Flat, Purchase of old House / Flat , Additional construction for existing house |
|---|---|
| Eligibility | A/D Class Membership, Property should be within area of Malappuram Municipality. |
| Limit of Loan | Rs.25,00,000/- |
| Security | Personal Surety : Maximum 50,000 Employee Surety : Maximum Rs.3,00,000 Property : Maximum Rs. 25,00,000 |
| Repayment Period | Maximum -120 months |
| Repayment Mode | Monthly/Quarterly |
| Rate of Interest | 10 % (Diminishing) Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. Additional documents needed: Approved Plan from Municipality &Estimate signed by a recognised engineer |
| Title | Norms |
| Purpose | For starting new business or renovating existing business (includes industry, small scale industry, Trade, Service activities, contract, professional service etc.) |
|---|---|
| Eligibility | A/D Class Membership, Firm should be within Malappuram Municipality, in case of contractors person should be a resident of Municipality. |
| Limit of Loan | Rs.25,00,000/- |
| Security | Personal Surety : Maximum 50,000 Employee Surety : Maximum Rs.3,00,000 Property : Maximum Rs. 25,00,000 |
| Repayment Period | Maximum -120 months |
| Repayment Mode | Monthly/Quarterly |
| Rate of Interest | 10 % (Diminishing) Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. Additional documents needed: Project report, Licences from authorities, Tax Papers. |
| Title | Norms |
| Purpose | General purposes/any purpose including consumption purpose |
|---|---|
| Eligibility | A/D Class Membership, |
| Limit of Loan | Rs.10,00,000/- |
| Security | Personal Surety : Maximum 50,000 Employee Surety : Maximum Rs.3,00,000 Property : Maximum Rs. 10,00,000 |
| Repayment Period | Maximum -60 months |
| Repayment Mode | Monthly/Quarterly |
| Rate of Interest | 10.5 % (Diminishing) Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. |
| Title | Norms |
| Purpose | Starting new business or renovating existing business (includes industry, small scale industry, Trade, Service activities, contract...etc) |
|---|---|
| Eligibility | A/D Class Membership, Firm should be within Malappuram Municipality. In case of contractors person should be a resident of Municipality. |
| Limit of Loan | Rs.25,00,000/- |
| Security | Personal Surety : Maximum 50,000 Employee Surety : Maximum Rs.3,00,000 Property : Maximum Rs. 25,00,000 |
| Repayment Period | One Year and can be renewed thereafter up to 5 years |
| Repayment Mode | Interest Repayment: Quarterly ending 31st March, 30th June, 30th September and 31st December |
| Rate of Interest | 12 % Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. |
| Title | Norms |
| Purpose | General purposes/any purpose including consumption purpose |
|---|---|
| Eligibility | A/D Class Membership |
| Limit of Loan | Rs.10,00,000/- |
| Security | Personal Surety : Maximum 50,000 Employee Surety : Maximum Rs.3,00,000 Property : Maximum Rs. 10,00,000 |
| Repayment Period | One Year and can be renewed thereafter up to 5 years |
| Repayment Mode | Interest Repayment: Quarterly ending 31st March, 30th June, 30th September and 31st December |
| Rate of Interest | 12.5 % Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. Additional documents needed: Project report, Licences from authorities, Tax Papers. |
| Title | Norms |
| Purpose | For starting new business or renovating existing business (includes industry, small scale industry, Trade, Service activities, contract, professional service etc.) |
|---|---|
| Eligibility | Kudumbasreee Unit in Malappuram Municipality |
| Limit of Loan | Rs.5,00,000/- |
| Security | Personal Surety : Maximum 5,00,000 |
| Repayment Period | Maximum -60 months |
| Repayment Mode | Monthly/Quarterly |
| Rate of Interest | 8.5 % (Diminishing) Penal Interest: 2% extra for default amount |
| Documents Required | Usual documents as per our Bank Norms. Additional documents needed: Project report, Licences from authorities, Tax Papers. |
