The bank was established in the year 1958, MEUCB was formed to provide a safe, efficient and service oriented repository of savings of the community and to provide need based credit at reasonable rates of interest. MEUCB is regarded as one of the well-run banks in the comity of Co-operative Sector Banks in the country. The bank offers home loan, agricultural loans, vehicle loans etc
It has been our constant endeavor to bring a sharper focus to the requirements of our customers. The Bank will continue its endeavors in providing high quality services to its customers.
Purpose – For the purchase of new vehicle
Eligibility – Individual with repaying capacity are eligible for the loan
Quantum of loan – An individual is given a loan up to Rs. 10 Lakhs for the purchase of a new vehicle. The loan-facility is for 85% of the cost of vehicle. For prompt repayments the interest-rate is only 9%.
Interest Rate – As per bank terms and conditions