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: To meet the recurring needs of business class or professionals or self employed persons this loan can be availed.
Eligibility: Any individual with income above Rs. 10,000/- per month and sufficient repayment capacity can avail this personal loan.
Quantum of Loan: The maximum amount that can be granted as loan is Rs. 2 lakhs for small retailers and Rs. 1.75 lakhs as cash credit.
Repayment: The maximum period of repayment is 12 months.
Security & Guarantee: Collateral security for at least 20% the loan amount is required. One guarantor is required for loans up to Rs. 1 lakh and two guarantors in case of loans above Rs. 1 lakh.