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 used to finance repayment of old debts, ceremonial, medical expenses, tourism loans, etc. or any other purpose acceptable to bank.
Eligibility: Any individual with sufficient means to repay the loan can avail this personal loan.
Quantum of Loan: The maximum amount that can be granted as loan is Rs. 2 lakhs.
Rate of Interest: The rate of interest for loans up to Rs. 25,000/- is 14% per annum. For loans above Rs. 25,000/- up to Rs. 2 lakhs, the rate of interest is 15% per annum.
Repayment: The maximum period of repayment for the loan is 60 months.
Security & Guarantee: Two guarantors are required. No security is required.