Malappuram District Co-operative Bank Ltd
General IFS Code: IBKL0209M01 NRE IFS Code: FDRL0SME002

Loans to Individuals

Loans to Individuals Details
Gold Loan (3 to 12 months) These loans are provided on the security of gold ornaments.
Rate of Interest: click here
Security: Gold Ornaments ( value varies as per bank – table)
Loan amount: Max. Rs. 25,00,000.00
Duration: 3 to 12 months
Documents required: Proper KYC documents. Contact Branch
Agricultural Gold Loan (1 year) Loans given for the Agricultural activities/raising crops.
Rate of Interest: click here
Security: Gold Ornaments
Loan amount: Max. Rs. 1,50,000.00. As per value of security, Land area under cultivation and Scale of Finance
Duration: 1 year
Documents required: latest tax reciept of the land owned/ lease agreement. Contact Branch
General Purpose Mortagage Loans These are loans given to individuals for any Non-Agriculture purpose/non-business purpose.
Rate of Interest: click here
Security: Landed property only (minimum 10 cents of land in Panchayath and 5 cents in Municipalities)
Loan amount: upto Rs. 30 lakhs
Duration: upto 96 months
Documents required: Contact Branch
Consumer and Personal Loan These are loans given to individuals for any Non-Agriculture purpose/non-business purpose.
Rate of Interest:  click here
Security: Personal Surety (Salary Certificate) from the state govermrnemt employees and other institutions approved by the bank. For details contact nearest bank.
Loan amount: upto Rs. 2 lakhs
Duration: upto 60 months
Documents required: Only one salary certificate required for loan amount upto Rs 1 lakh, above Rs. 1 lakh upto Rs. 2 lakh two salary certificates are required, The salaried employee should have atleast 1 year of service after duration of loan. Contact Branch
Housing Loan

Special Scheme Click here

These loans are given for the pupose of construction /modification of residential house. These are available in both EMI and non EMI options.
Rate of Interest:  click here
Security: Primary security
Loan amount: Max. Rs. 20,00,000 (non EMI with 6 months moratorium). Max Rs. 25,00,000.00 (EMI with 12 months moratorium).
Duration: max. 180 months (non EMI) , max. 240 months (EMI)
Documents required: Contact Branch
Vehicle Loan Loans granted for the purchase of two wheelers.
Rate of Interest:  click here
Security: Salary Certificate
Loan amount: Rs. 50,000/-
Duration: 60 months
Documents required: Contact Branch
Deposit Loan Loans given on the security of the Fixed deposit held in our bank.
Rate of Interest:  click here
Security: Fixed deposit reciept of our bank.
Loan amount: 85% of the deposited amount
Duration: Due date of concered FD.
Documents required:
Educational Loan Loans given for the pupose of Higher Education for children in India and Abroad.
Rate of Interest: click here
Security:
Loan amount: 10,00,000/-
Duration: Course duration + Five years maximum
Documents required: Contact Branch
Industrial Loans Loans given for the pupose of setting up Industrial Units.
Rate of Interest: click here
Security:
Loan amount: Depends upon the project.
Duration:120 months
Documents required: Contact Branch
Vanitha Vikas Loan The loans given to women for the purpose of self employment.
Rate of Interest: Click here
Security: no security upto Rs. 10,000/-
Duration: 60 months
Documents required: KYC documents. Contact Branch
Shopping Complex Construction Loans Loans given for the construction of Shopping complexes.
Rate of Interest: click here
Security: Primary security and collateral.
Loan amount: Rs. 60,00,000/-
Duration:120 months
Documents required: Contact Branch
Cash Credit to Individuals Loans extended to cover the working capital requirement of any venture.
Rate of Interest click here
Security: Primary security and Collateral security to cover the loan amount as per the norms of the bank.
Loan amount: Rs. 40,00,000/-
Duration: 12 months
Documents required: Project report with cash flow statement. Contact Branch
Overdrafts to Individuals Loans extended to Professional to cover their professional needs such as doctors, contractors (Private and Government), Advocates, etc
Rate of Interest: click here
Security: Collateral
Loan amount: 20 lakhs (upto 80% of the work contract value)
Duration: 12 months
Documents required:Project, proof of work undertaken in the case of contractors. Contact Branch
Project Loan – MT – Agri/Allied Agri Term loans for taking up ventures like diary farming, Goat rearing, Poultry rearing, food processing, Farm mechinery,  etc.
Rate of Interest: click here
Security: As in GPM Loans
Loan amount: As Term loan and Working capital loans as per project: Minimum 1 lakh and maximum 15 lakh.
Duration: upto 96 months.
Documents required: Loan Application. Contact Branch