The Govt. of Kerala (vide circular number 42/2011 dated 16.06.20110) has reduced the interest rates on Housing Loan and Overdraft limit sanctioned to the permanent employees of Primary Coop Societies of Kerala. Now onwards, the interest rates on the Employees Housing Loan and Overdraft will be fixed at the maximum interest rate that is paid by the bank/society to the depositors.
The earlier circular (No. 8/2010 dated 12.02.2010) says that the interest rates on these loans are to be fixed at the same interest rate which is fixed for an ordinary customer availing the same facilities.
(a regretful note : we were not able to put a downloadable circular due to some technical reasons)
The earlier circular (No. 8/2010 dated 12.02.2010) says that the interest rates on these loans are to be fixed at the same interest rate which is fixed for an ordinary customer availing the same facilities.
(a regretful note : we were not able to put a downloadable circular due to some technical reasons)
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