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 finances purchase of consumer durables like T.V., Fridge, Two wheeler, air conditioner etc.
Eligibility: Any salaried person or self employed professionals with sufficient repayment capacity can avail this personal loan.
Quantum of Loan: The maximum amount of loan that could be granted is Rs.1 lakh.
Rate of Interest: The rate of interest of loans up to Rs. 25,000/- is 14%. For loans above Rs. 25,000/- the rate of interest is 14.5%.
Repayment: The maximum period of repayment of the loan is 36 months.
Security & Guarantee: Two guarantors are required. Hypothecation of article purchased is taken as security for the loan.