The Excellent Co-operative Bank Limited formerly known as The Safe Co-operative Bank Ltd is serving the banking needs of the common man from the last four decades. During these years it has served thousands of customers. It started in the year 1961 and its first branch was opened at Mumbai. At present the bank is having four branches with 70 competent staff.
The bank has been awarded “A” class audit classification by Statutory Auditors as on 31st March 2008. The bank is having good network of Advances Recovery System and concrete steps are taken for the same. The bank grants loan to the priority sectors as well as to the weaker sections of the society as per the R.B.I guidelines. The bank offers home loan, educational loan, personal loans etc
PURPOSE – General Purpose, Personal requirements, Business expansion Business needs
ELIGIBILITY – Individuals
LOAN AMOUNT – Maximum Rs. 5 Lakhs.
SECURITY – Gold ornaments, valuation report by Bank’s approved valuer.
INTEREST RATE – Up to Rs. 25,000 11% per annum above Rs. 25,000 and up to Rs. 2 lakh 12% per annum, above 2 Lakhs 13% P.A