Loans
At Karunthattankudi Dravidian Co-operative Urban Bank Ltd, we provide a wide range of Loan Facilities to meet the personal, business, housing, and social development needs of our members through trusted Cooperative Bank and Cooperative Banking services regulated by RBI and RCS. Our Bank Loans, including Property Loan, Mortgage Loan, Gold Loan, and Jewel Loan, are offered with transparent terms, reasonable interest rates, and simple procedures, ensuring easy access to credit for the people of Karanthai, Thanjavur, while supporting initiatives related to NABARD, TAMCO, TABCEDCO, and ICM for the development of the Cooperative sector, providing reliable Loan services Thanjavur and trusted Personal Loan Cooperative Bank facilities.
Gold Loan
- Loan Amount: ₹7,000 per gram
- No processing charges
- Eligibility
A Class membership in the Cooperative Bank - Purpose
Various purposes under approved Bank Loan categories. - Loan Amount
Maximum Amount: Upto Rs. 30 lakh under Loan Facilities - Interest Rate
9.5% p.a. Simple Interest as per Cooperative Banking norms.
* T & C apply
Mortgage Loan
- Security
Immovable property of the applicant as Loan Security - Eligibility
A Class membership in the Cooperative Bank - Purpose
Various purposes under approved Bank Loan categories. - Loan Amount
Maximum Amount: Up to Rs. 15 lakh under Loan Facilities - Repayment Period
5 to 10 Years (Non-EMI) as per Cooperative Banking norms - Interest Rate
10% p.a. Simple Interest – Declining Balance Method
- Documentation
- Identity and address proof of applicant and guarantor
Proof of income of applicant and guarantor
Documents related to Immovable Property
Valuation report of the property from licensed Civil Engineer
CIBIL Score
Bank Statement for the most recent six months
* T & C apply
House Construction Loan
- Security
Immovable property of the applicant
- Eligibility
A Class membership in the bank
- Purpose
House Construction
- Loan Amount
Maximum Amount: Up to Rs. 30 lakh
- Repayment Period
5 to 10 Years (Non – EMI)
- Interest Rate
10 % p.a. Simple Interest. Declining Balance Method
- Documentation
- Identity and address proof of applicant and guarantor
- Proof of income of applicant and guarantor
- Documents related to immovable property.
- Valuation report of the proposed house construction from licensed Civil Engineer
- CIBIL score
- Bank statement for the most recent six months
* T & C apply
Business Loans – Government-Sponsored Schemes
TABCEDCO Loan – Business Loan - Government Sponsored Loan Scheme
Provided to people belonging to BC/MBC community who own a business/willing to start business
- Security
Personal Surety of the Loanee and another member of the bank. For loan amounts above ₹50,000, mortgage/pledge of immovable property is mandatory.
- Eligibility
- A Class membership for applicant and guarantor in the bank
- Applicant should belong to BC/MBC community
- Purpose
Various purposes.
- Loan Amount
Upto Rs. 50000 – Personal guarantee based
Above Rs. 50000 – Mortgage of immovable property based
- Repayment Period
Depends upon loan amount (Non – EMI)
- Interest Rate
6 – 8 % p.a. Simple Interest. Declining Balance Method
- Documentation
- Identity and address proof of applicant and guarantor
- Community Certificate
- Proof of income of applicant and guarantor
- Documents related to immovable property if loan amount is above Rs.50000.
- CIBIL score
- UDYAM registration certificate
- Project report for business development
- Bank statement for the most recent six months
For more info, visit https://tabcedco.net/
* T & C apply
TAMCO Loan – Business Loan - Government Sponsored Loan Scheme
Provided to people belonging to religious minority people (i.e. Muslims, Christians) who own a business/willing to start business
- Security
Personal Surety of the Loanee and another member of the bank. For loan amounts above ₹50,000, mortgage/pledge of immovable property is mandatory.
- Eligibility
- A Class membership for applicant and guarantor in the bank
- Applicant should belong to religious minority – Muslim or a Christian
- Purpose
Various purposes.
- Loan Amount
Upto Rs. 50000 – Personal guarantee based
Above Rs. 50000 – Mortgage of immovable property based
- Repayment Period
Depends upon loan amount (Non – EMI)
- Interest Rate
6 – 8 % p.a. Simple Interest. Declining Balance Method
- Documentation
- Identity and address proof of applicant and guarantor
- Community Certificate
- Proof of income of applicant and guarantor
- Documents related to immovable property if loan amount is above Rs.50000.
- CIBIL score
- UDYAM registration certificate
- Project report for business development
- Bank statement for the most recent six months
For more info, visit https://www.tamco.tn.gov.in/
* T & C apply
Petty Trader Loan
Provided for small vendors and petty traders to support daily business operations.
- Security
Personal Surety of the Loanee and another member of the bank
- Eligibility
A Class membership for applicant and guarantor in the bank
- Purpose
Various purposes.
- Loan Amount
Maximum Amount: Up to Rs. 50000.
- Repayment Period
25 months (Non – EMI)
- Interest Rate
14 % p.a. Simple Interest. Declining Balance Method
- Documentation
- Identity and address proof of applicant and guarantor
- Proof of income of applicant and guarantor
- CIBIL score
- UDYAM registration certificate
- Bank statement for the most recent six months
* T & C apply
Surety Loan
Provided based on personal guarantee to meet short-term financial needs.
- Security
Personal Surety of the Loanee and another member of the bank
- Eligibility
A Class membership for applicant and guarantor in the bank
- Purpose
Various purposes.
- Loan Amount
Maximum Amount: Up to Rs. 50000.
- Repayment Period
3 years (Non – EMI)
- Interest Rate
14 % p.a. Simple Interest. Declining Balance Method
- Documentation
- Identity and address proof of applicant and guarantor
- Proof of income of applicant and guarantor
- CIBIL score
- Bank statement for the most recent six months
* T & C apply
Self Help Group (SHG) Loan
Provided to support Self Help Groups by providing credit facilities to promote savings, entrepreneurship, and social development.
- Security
Personal Surety of the Loanee and another member in the SHG
- Eligibility
A Class membership for applicant and guarantor in the bank
- Purpose
Various purposes
- Loan Amount
Maximum Amount: Upto Rs. 50,000 per person
- Repayment Period
3 years (Non – EMI)
- Interest Rate
11 % p.a. Simple Interest. Declining Balance Method
- Documentation
- Identity and address proof of all members of SHG
- Documents related to the registration of Self-Help Group and minute book.
- Proof of income of all applicants in the SHG
- CIBIL score
- Bank statement for the most recent six months
* T & C apply
Working Women Loan
Provided to support employed women.
- Security
Personal Surety of the Loanee and another member of the bank.
- Eligibility
A Class membership for applicant and guarantor in the bank
- Purpose
Various purposes
- Loan Amount
Maximum Amount: Upto Rs. 3 lakh.
- Repayment Period
3 years (Non – EMI)
- Interest Rate
11 % p.a. Simple Interest. Declining Balance Method
- Documentation
- Identity and address proof of applicant and guarantor
- Proof of income of applicant and guarantor
- CIBIL score
- Bank statement for the most recent six months
* T & C apply
Women Entrepreneur Loan
This loan encourages women to start or expand their own businesses. Provided based on personal guarantee to meet short-term financial needs.
- Security
Personal Surety of the Loanee and another member of the bank
- Eligibility
A Class membership for applicant and guarantor in the bank
- Purpose
Business development of the applicant
- Loan Amount
Maximum Amount: Up to Rs. 50000.
- Repayment Period
25 months (Non – EMI)
- Interest Rate
12 % p.a. Simple Interest. Declining Balance Method
- Documentation
- Identity and address proof of applicant and guarantor
- Proof of income of applicant and guarantor
- CIBIL score
- UDYAM Registration certificate
- Bank statement for the most recent six months
* T & C apply
Differently Abled Person Loan
Provided based on personal guarantee to meet short-term financial needs.
- Security
Personal Surety of the Loanee and another member of the bank
- Eligibility
A Class membership for applicant and guarantor in the bank
- Purpose
Business development of the applicant
- Loan Amount
Maximum Amount: Up to Rs. 50000.
- Repayment Period
25 months (Non – EMI)
- Interest Rate
6 % p.a. Simple Interest. Declining Balance Method
- Documentation
- Identity and address proof of applicant and guarantor
- Person with Disability (PwD) Certificate / UDID Card (Unique Disability Identity Card
- Proof of income of applicant and guarantor
- CIBIL score
- Bank statement for the most recent six months.
* T & C apply
Loan EMI Calculator
Interest Rate: 0%
Monthly EMI: ₹ 0
Total Interest: ₹ 0