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 taken for financing repairs of house, purchase of consumer durable, business expenses, etc.
Eligibility: Any Individual with sufficient repaying capacity can avail this loan.
Quantum of Loan: The maximum amount that can be granted as loan is 30 lakhs.
Rate of Interest: The rate of interest for this personal loan is 13.5 % per annum.
Margin: There is a margin of 30% of the value given by the valuer in case of commercial property. In case of a residential flat, the margin is 20%
Repayment: The maximum period of repayment is 84 months.
Security & Guarantee: Mortgage of property is taken as security along with two guarantees.