Educational loan at low interest from KSBCDC

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.

Educational loan

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.

Where to apply for the loan from KSBCDC

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.

II Floor, T.C. No:27/588 (7) & (8),
Pattoor, Vanchiyoor P.O.
Thiruvananthapuram – 695 035

SNDP Union Bldg, Opp. S.N.Womens College

Alumoottil Plaza, Near Collectorate

Soumya Complex, Vellakkinar Jn.
Civil Station Ward Head Post Office

Bldg. No.11/696, Erayil Kadavu

Vyapara Bhavan, Idukki Colony P.O.
Cheruthoni, Idukki

Paramara Shopping Complex
Ernakulam North – 18

Near Town Hall,
Palace Road, Chembukavu

Ninan’s Complex,
Mettuppalayam Street

6/520, J&K Building

2/1037, First Floor,
Maithri Building, P.M.Kutti Road
Nadakkavu, Kozhikode

Nr. PBM Hospital,
Meenangadi, Wayanad

T.K.1/408J, Padannapalam Road, Kannur

High Lane Plaza, Bldg.No.KNC XI/346
A 17, Anabagilu, MG Road, Kasaragod

How to apply for KSBCDC

Here I will explain the all application process to get the loan from KSBCDC and the documents required to submit. You will get application form by paying 10 rupees at your district branch office. Fill the application form completely as per the instructions given. You are requested to attach the following documents if you are submitting a land security against the loan.
  • Community certificate

  • Nativity certificate

  • Income certificate

  • Land possession certificate

  • Land valuation certificate

  • Non attachment certificate

  • Photo

  • ID proof

  • Another option to security is a pay certificate of any employ that salary has the capacity of repay the loan. You can submit any relatives or neighbors pay certificate for this purpose. If you are giving land security, a lot of time will take to sanction the loan. When you submit the land security the present value of the land should be above the loan amount. If your loan amount is 2 lack and you have 20 cent land with accost of 10,000 per cent at that place and at that time.
    Loan amount 200000
    Land 20 cent at 10,000 per cent
    Value of land 20*10,000=200000
    The maximum amount for an education loan from KSBCDC is 5,00,000. The repayment period is 60 months. Age of the applicant should between 16-32 and the applicant family income should below 55,000 in urban area and 40,000 in rural area. The rate of interest for educational loan from Kerala state backward development cooperation is only 4%.

    Self-employment loan from KSBCDC at 6% interest.

    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 from KSBCDC.

    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.

    Loan for welfare of minority community.

    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.


    I tried to bring all the information regarding different loan from Kerala backward caste Development Corporation. There is some other loan scheme from KSBCDC. The eligible caste is listed in the website of KSBCDC. Try to utilize this loan scheme from KSBCDC.

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    Guest Author: Akash Vijayan23 Jun 2017

    Sir, I am in the category of OEC (Hindu, Vaniya). Am I eligible for this loan? Can you specify where I can request for the educational loan?

    Guest Author: jibin09 May 2018

    Sir, is there any loan subsidy on an education loan?

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