Are you looking for loan at low interest. KSBCDC is giving educational Loan at 4% interest in Kerala. KSBCDC is giving self-employment loan, agricultural loan and personal loan at low interest. I have mentioned how to apply and the document to be submitted to get the loan.
Kerala state backward cast development corporation is established in 1995 for the welfare of economically weaker backward cast people. This bank gives education loan 4%. To get this loan the applicant annual family income should below 55,000. The repayment period is usually 60 months. Below you can read how to apply, where to apply and the document submitted to the loan. The time taken to sanction the loan is usually 6 months. If you are submitting pay certificate of Govt. employ, you may get the loan within 3 months. The three different scheme are scheme for welfare of backward cast, scheme for welfare of minority community and own fund scheme.
All backward cast students whose family income below 55,000 and undergoing a professional course are eligible to get the loan. If you are coming from rural area the family annual income is limited to 40,000. The interest for educational loan from Kerala state development corporation is 4%. You should start repayment of this loan after 6 months of completion of course or joining a job whichever is earlier. The approximate repayment amount for a 1.2 lack loan is 2500 you should repay the amount at correct time to avoid unnecessary cost and additional interest from the bank. You will get the amount in installment at every starting of the academic year.
The head office of KSBDC is in Trivandrum. There is branch office in all districts. The address and Ph. No of all branches are as follows.
Thiruvananthapuram
II Floor, T.C. No:27/588 (7) & (8),
Pattoor, Vanchiyoor P.O.
Thiruvananthapuram – 695 035
0471-2577539
Kollam
SNDP Union Bldg, Opp. S.N.Womens College
Kollam
Pathanamthitta.
Alumoottil Plaza, Near Collectorate
Pathanamthitta
Alappuzha
Soumya Complex, Vellakkinar Jn.
Civil Station Ward Head Post Office
Alappuzha-11
Kottayam
Bldg. No.11/696, Erayil Kadavu
Kottayam
Idukki
Vyapara Bhavan, Idukki Colony P.O.
Cheruthoni, Idukki
Ernakulam
Paramara Shopping Complex
Ernakulam North – 18
Thrissur
Near Town Hall,
Palace Road, Chembukavu
Thrissur–20
Palakkad
Ninan's Complex,
Mettuppalayam Street
Palakkad
Malappuram
6/520, J&K Building
Munduparamb,
Malappuram-8
Kozhikode
2/1037, First Floor,
Maithri Building, P.M.Kutti Road
Nadakkavu, Kozhikode
Wayanad
Nr. PBM Hospital,
Meenangadi, Wayanad
Kannr
T.K.1/408J, Padannapalam Road, Kannur
Kasaragod
High Lane Plaza, Bldg.No.KNC XI/346
A 17, Anabagilu, MG Road, Kasaragod
Kerala state backward cast development cooperation gives self-employment loan at 6% interest rate. The maximum loan amount is 5, 00,000 and repayment period is 60 months. Anybody who belongs with backward caste in an age group 18-55 is eligible to apply for this loan. The documents that to be submitted is same as listed above for educational loan. Women can get this self employment loan at 4% for maximum amount 50,000.
Agricultural loan is another loan for agricultural loan at 6% from KSBCDC. The repayment period is 60 months and eligible to all backward cast peoples in an age group 18-55. The maximum amount is 1, 00,000. All other conditions and documents to be submitted are same as educational loan.
If you belong with minority community, there is loan from this bank at even less rate. Only three percent rate for educational loan. The other loan like agricultural, self-employment loan etc. is also available.