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. 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 personal loan, home loan, car loan, consumer loan etc.
PURPOSE – General Purpose, Personal requirements, Business expansion or Business needs
ELIGIBILITY – Individuals
LOAN AMOUNT – Maximum Rs. 5 Lakh
SECURITY – NSC, KVP, RBI BONDS
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 Lakh 13% per annum,
REPAYMENT PERIOD : Maximum 36 months.
Documents –
- Proof of Identity : Voters ID Card / Passport / Driving Licence / PAN Card;
- Proof of Residence: Recent Telephone Bill / Electricity Bill / Property or Tax Receipt / Passport / Voters ID Card.
- Proof of Business: IT Returns, Balance Sheet, Profit & Loss Account, Sundry Creditors List etc. (for non salaried persons).
- Passport size photographs.
- Income Proof: Salary Slip/ Form 16 / TDS Certificate (For salaried individuals, IT Return for non salaried individuals.