The Bank has issued the following directions regarding the duration, maturity and interest rates of various types of non-agricultural loans and agricultural allied loans to its members.
| No. | Types of Loan | Loan limit | Interest Rate | Duration |
|---|---|---|---|---|
| 1 | MARRIAGE PURRPOSE LOAN |
(i)Rs. Up to 1,00,000 (one lakh) (ii)Rs. 1,00,000 and up to Rs.10,00,000 (Ten lakhs) |
10.00% 10.75% |
5(Five) years |
| 2 | MEDICAL TREATMENT PURPOSE LOAN | Rs. Up to 1,00,000 (one lakh) | 9.00% | 3(Three) years |
| 3 | KUDUMBASREE LINKAGE LOAN |
(i)Linkage - up to Rs.10,00,000 (Rs. 10 lakhs) (ii)Muttathe Mulla - up to Rs.20,00,000 (Rs. 20 lakhs) |
8.25% 8.25% |
5(Five) years |
| 4 | EDUCATION LOAN | Rs. Up to 5,00,000 (five lakhs) | 11.00% | 5(Five) years |
| 5 | LOAN FOR PROFESSIONAL EDUCATION | Rs. 20,00,000 (twenty lakhs) | 11.00% | 10(ten) years |
| 6 | MISCELLANEOUS MORTGAGE LOAN | Rs. Up to 50,000 (fifty thousand) | 12.00% | 10(ten) years |
| 7 | LAND PURCHASE LOAN |
(i)Up to Rs.5,00,000 (five lakhs) (ii)Up to Rs.50,00,000 (Rs. 50 lakhs) above Rs.5,00,000 |
10.75% 12.25% |
10(ten) years |
| 8 | OVERSES EMPLOYMENT LOAN | Rs. Up to 10,00,000 (ten lakhs) | 11.50% | 5(Five) years |
| 9 | BUSINESS/TRADERS LOAN | Rs. 20,00,000 (twenty lakhs) | 12.00% | 10(ten) years |
| 10 | INDUSTRIAL LOAN | Rs. Up to 40,00,000 (forty lakhs) | 12.00% | 10(ten) years |
| 11 | HOME LOAN |
(i)Rs. Up to 1,00,000 (one lakh) (ii)Rs. Up to 3,00,000 (three lakh) (iii)Above Rs.3,00,000 up to Rs.40,00,000 (forty lakhs) |
8.50% 9.50% 10.00% |
10(ten) years |
| 12 | AGRICULTURAL LOAN |
(i)Up to Rs.1,00,000 (one lakh) (ii)Above Rs.1,00,000 up to Rs.3,00,000 (three lakhs) |
9.00% 9.25% |
1(One year) |
| 13 | DIFFERENT TYPES OF GOLD LOANS | (i)Rs. Up to 50,00,000 (fifty lakhs) |
9.75% 10.00% 10.50% |
3(Three) months 6(six) months 1(One year) |
| 14 | CONSUMPTION PURPOSE LOAN |
(i)Rs. Up to 50,000 (fifty thousand) (ii)Rs. 50,000 and above Rs. Up to 5,00,000 (five lakhs) |
11.00% 11.50% |
1(One year) 5(five) years |
| 15 | SELF EMPLOYMENT LOAN | Rs. Up to 10,00,000 (ten lakhs) | 10.00% | 10(ten) years |
| 16 | DEPOSIT LOAN | Rs. Up to 10,00,000 (ten lakhs) | 11.75% | 1(one) years |