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Loans


Types Max Amount in Rs. Year Rate
Wedding Loan 5 Lakhs 3 Upto 3 lakh 12%
Above 3 lakh 13%
House Repair Loan 5 Lakhs 5 Upto 3 lakh 12%
Above 3 lakhs 12.5%
Loan for overseas jobs 5 Lakhs 3 Upto 5 lakhs 13%
Kudumbasree Loan
Linkage
Self Employment
NHG HPL
5 Lakhs
10 Lakhs
50000
3
5
3
9%
12%
10%
Vehicle Loan 50000 3 12.5%
Vehicle Loan 10 Lakh 7 50, 001 to 1 lakh 11.5%
100001 to 10 Lakh 12%
Housing Loan 15 Lakhs 10 Upto 3 lakhs 10.5%
Above 3 Lakhs 11%
To buy land properties 20 Lakhs 7 Upto 5 lakhs 12.5%
Above 5 Lakhs 13%
Normal Mortgage 20 Lakhs 5 Upto 5 lakhs 12.5%
Above 5 Lakhs 13%
Gold Security Loan 15 Lakhs 3 Months 9.75%
Agricultural related Gold Security Loan 15 Lakhs 1 9.75%
Agricultural Gold Security Loan 1 Lakh 1 7%
Gold Security Cash Credit Scheme 10 Lakhs 1 10.5%
Cash Credit Scheme 10 Lakhs 1 Upto 5 lakhs 12%
Above 5 lakhs 12.5%
Personal Loan 50, 000 2 12%
Agricultural Loan 50, 000 1 7%
Mahila Mitra 30, 000 3 12%

Karshakamithra Loan

The Bank provides loan for Agricultural & Allied purposes at low rates of interest. This is available only to A class members on personal security or keeping the land as security. Loans upto Rs. 50, 000 at 7% interest is issued for a time period of 12 months to members who have submitted all the necessary documentation within 15 days. Karshakamithra Gold loans can also be availed for a time period on 1 year.

To encourage organic vegetable farming, the bank extends a loan of Rs. 5000 at zero percent interest to farmers and house wives to make kitchen gardens for a loan period of 1 year

Swarnamithra Gold Loan

The Kommeri Bank provides Gold Loan for agricultural as well as non-agricultural purposes at reasonable interest rates. The Bank offers quick and easy loan against gold, helping you manage your finance to let your dream come true. According to the value of Gold kept as security an amount up to Rs. 15 lakhs is available at 9.75% interest for a time period of 1 year.

Gunavardhini Loan

A loan scheme of the Kommeri Bank which increases the value of your property. It can be availed for renovation of the existing property or for buying new property. Loans for a time period of 5 years are issued to members who have submitted all the necessary documentation within 15 days. The loan amount can be paid back in equal EMI or by reducing EMI’s.
Interest rates:
Upto 5 lakhs 12.5%
Above 5 Lakhs 13%

Bhavanamithra Loan

The bank extends loan for making your dream home a reality. The loan period is for 10 years and upto Rs. 15 lakhs can be availed. Almost 90% of the total building cost is given as loan as per the pay back capacity.
Interest rates:
Upto 3 lakhs 10.5%
Above 3 Lakhs 11%

Kudumbamithra (Kudumbasree) Loans

The Kommeri Co-operative bank has been extending loans upto Rupees 50, 000 to Kudumbasree members on mutual security at liberal terms and conditions. The loan scheme is to help them get loans and save them from other money lenders. The loan is given at an interest of 10% and can be paid back in 36 easy installments.

Linkage Loan

Linkage loans are given to Kudumbasree units upto Rs. 5 lakhs at 9% interest for group activities of unit members for a period of 36 months.

Mahilamithra Loan

A loan scheme for the benefit of ladies living in Valayanadu Taluk to save them from other money lenders. The loan amount of Rs. 30, 000 can be availed on mutual security at 12% and can be paid back in 36 installments or in equal monthly installments.

Vehicle Loans

Kommeri Bank extends Two wheeler vehicle loans upto Rs. 50, 000 for a time period of 36 months at 12.5% interest. For other vehicles upto Rs. 10 lakhs can be availed for a period of 7 years.

Sewing Machine Loan

Loans are given by the bank for buying sewing machines. The loan amount is Rs. 15, 000 at 12.5% interest rates and can be paid back in 24 months.

Cash Credit Scheme

Industrialists and entrepreneurs can avail loans upto Rs. 10 Lakhs under this scheme.
Interest rates:

Upto 5 lakhs 12%
Above 10 lakhs 12.5%

Deposit Loan

Depositors of the bank can avail Deposit loan against the security of their term deposits, for which the deposit receipt is to be pledged. 90% of the deposit can be availed as loan. The repayment period of the loan will be fixed commensurate with the date of maturity of the deposit.

Self-employment Loans

Self-employment loan with CDS recognition is given to families having Kudumbasree members for starting new business enterprises. The loan is extended at 12% interest rates and has a term period of 60 months.

Other non-agricultural purposes Loan

Wide range of loans are being issued by the Kommeri bank for various purposes other than agricultural like Housing loans, Vehicle loans, consumption loans etc. on personal surety and on execution of security, at reasonable interest rates.

 

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