Navakeraliyam has launched a one-time settlement scheme with Kerala Bank to help customers who are unable to repay their loans on time due to various reasons such as floods and the Covid- 19 pandemic.
Under the scheme, all loans up to Rs. 50 lakhs in full or in part can be paid . No need to pay interest. Penalty interest of loans above Rs.50 Lakh will be waived,fully.
Interest exemptions will be available for Non-performing assets (NPLs), Arbitration / Execution, Surface Case Loans, Debtor Debt, Debt Affected and Scheduled Caste and Scheduled Tribe and Fishermen Loans, Salary Certificate Guaranteed Loans, Education, JG, etc. Customers should contact Kerala Bank branches to avail of the scheme.