Meenachil East Urban Co-operative Bank Limited- Small Business loans

By Pradeep Yuvaraj | May 26, 2011

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. It offers home loan, personal loan, vehicle loan, business loan etc.

Purpose                      – The purpose of the loan is to provide financial assistance to small business enterprises

Eligibility                     – Self employed persons / small scale business entrepreneurs

Quantum of Loan       – Maximum of Rs50, 000/- is available as surety loan for self employed persons / small scale business entrepreneurs

Rate of Interest                     – As per the terms and conditions of the bank during the loan approval

Documents Required             – Proof of address, identity, Bank account statement etc

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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