Bharat Co-operative Bank (Mumbai) Limited which was established in 1978, now has a customer base of more than 12 lakhs. The Reserve Bank of India has conferred scheduled status to the Bank on 22nd April, 1996 and the Bank subsequently registered as Multi-State Scheduled Co-operative Bank on 26th September, 1997. Today the Bank has 36 Branches which includes 7 branches in Karnataka, four of which are located in Bangalore and one each in Udupi, Mangalore and Suratkal. The Bank has posted a net profit of Rs. 27.55 crores for the financial year ended 31st March 2010 as against Rs. 30.52 crores for the previous year after making necessary provisions in accordance with the extent guidelines of RBI.
Purpose: To meet upcountry / abroad holiday expenses inclusive of fare, lodging etc. this loan can be availed. Reimbursement of travel expenses is also possible with this loan.
Eligibility: Any individual with fair income for repayment for of loan can avail this loan.
Quantum of Loan: Maximum amount granted for this personal loan is up to Rs.2 lakhs.
Repayment: Maximum repayment period is up to 60 months. Interest is applied on daily reducing balance
Documents Required: Tickets / bills of travel expenses and 2 sureties have to be submitted.