Loan@doorsteps
In a significant move, Kerala State Cooperative Bank (Kerala Bank) formally inaugurated a loan scheme
that will be made available at the cool comforts of one’s own home. Bank president, Sri.P.Mohanan
Master inaugurated the loan scheme named “KB Premium Loan Scheme” by handing over the first loan
sanction letter of this scheme at the Bank’s first business review meeting in the fiscal year 2026-27 at
Corporate Business Office (CBO) in Ernakulam on 12.05.2026.
The new scheme offers a lower interest of 0.25 per cent than the current rate for those who availed
selected loans of the Bank and have been repaying promptly at the least for three years. Also,
they will get a 50 per cent waiver in processing charges. The loan which is processed at home will be
made available in 48 hours.
The function was attended by among others, Bank directors, Adv. Sreeja Shaijudev, Sri.P.Ganakumar and
Sri.P.Harikumar, Chief Executive Officer, Sri.Jorty M.Chacko, Executive Director, Sri.Roy Abraham, and
Chief General Managers, Sri.A.Anilkumar and Sri.T.K.Roy. Kerala Bank, whose total business crossed
1.28 lakh crore rupees, has total loans of Rs, 53,240 crore and gold loans of Rs 11,600 crores.