Loans and Advances

Lending is the primary responsibility of any bank. As a cooperative bank in the primary credit sector, Karassery Bank keep its focus on providing credit solutions that are convenient, value-added and customer friendly. A varied range of loan schemes that cater to every need of the customer under flexible terms are at offer. Minimum paper work and easy procedures are the hallmark of loan products at the Karassery Bank. Special care to sanction and disburse loans within the minimum possible time as targeted by our Quality Objectives make them even more attractive.

Overdraft & Cash Credit

Duration (Months)

Rate of Interest (%)

Cash Credit - Non Agriculture (CCNA)

36

12.25

Kisan Credit Card (KCC)

12

06.00

Cash Credit - Muttathe Mulla (CCMM)

12

09.00

Cash Credit - Special Liquidity Facility (SLF)

12

06.40

Term Loan

Duration (Months)

Rate of Interest (%)

Non Agriculture Medium Term Loan (NAMT)

12/24/36/48/60

12.50

Agriculture Medium Term Loan (AMT)

36/60

09.00

Non Agriculture Medium Term Loan for Joint Liability Groups (NAMT - JLG)

12/24/36/48/60

12.50

Samrudhi Loan (through collection agents)

12/24/36/48/60

12.50

Housing Loan (HGL) (Up to Rs.3,00,000)

120

09.50

Housing Loan (HGL) (Above Rs.3,00,000)

120

10.50

Self Employment Loan (SEL)

36

10.50

Self Help Group Loan (SHGL)

36

08.25

Gold Loan

Duration (Months)

Rate of Interest (%)

Special Gold Loan (SGL)

1

11.00

Easy Gold Loan (EGL)

            1          11.50

Gold Loan (GL)

3

10.00

Agriculture Gold Loan (AGL)

 6

10.00

Kisan Credit Card - Gold

12

06.00

Gold Trade Loan (GTL)

12

11.00

(7% upto 30 days)

Gold Overdraft (eGOLD)

12

11.00