Dombivli Nagari Sahakari Bank Ltd. Was established on 6th September 1970 in Dombivli town with a population of 2 to 3 lakhs only at that time. The “Scheduled Bank” status was conferred upon Dombilvli Bank by Reserve Bank of India in 1996.
The bank which is now known as “Dombivli Bank” has opened its branches at Kulgaon (Badlapur), Ambernath, Shahapur, Bhiwandi, Titwala, and in most rural and backward area like Talasari. The bank has wide spread customer base and also a huge number of (about 6,601) shareholders.
Purpose: This loan can be availed for any personal needs or business needs.
Eligibility: Any individual with sufficient repayment capacity can avail this personal loan.
Quantum of Loan: The maximum amount that can be granted as loan is Rs. 6 lakhs. The loan is granted at the rate of Rs. 15,000/- per 10 grams of gold.
Rate of Interest: The rate of interest of this loan is 11% per annum.
Repayment: The repayment has to be done within a maximum period of 12 months, i.e. 1 year.
Security & Guarantee: Mortgage of gold ornaments taken as security. There is no requirement of guarantors in case of this loan.