In a customer-friendly initiative, Kerala State Cooperative Bank, popularly known as Kerala Bank, has launched the “KB Premium Loan Scheme,” offering eligible borrowers loans from the comfort of their homes within 48 hours.
The scheme was inaugurated by Bank President P Mohanan Master during the bank’s first business review meeting for FY 2026-27 held at the Corporate Business Office in Ernakulam on Tuesday. The first sanction letter under the scheme was also handed over at the event.
Under the new scheme, customers with a strong repayment track record of at least three years on selected Kerala Bank loans will receive a 0.25% interest concession along with a 50% waiver on processing charges.
Among those present were directors Adv. Sreeja Shaijudev, P Ganakumar and P Harikumar, Chief Executive Officer Jorty M Chacko, Executive Director Roy Abraham, and senior officials of the bank.
Kerala Bank has crossed Rs 1.28 lakh crore in total business, including Rs 53,240 crore in loans and Rs 11,600 crore in gold loans.
