Mehsana Urban Co-Op Bank Limited was established on 23rd October, 1983, registered under Co Operative Society Act 1961 Registration No. 20052, the RBI License No. DB/UBD GJ 357 P dt. 28/09/1983. The Bank started with one branch at Mehsana with Share Capital of Rs. 15.00 lakhs, made continuous Progress as on 31/03/2010 paid up share capital is Rs. 33.19 crore.The Bank was given status of Scheduled Bank by Reserve Bank of India in the year 2000.
At present The Bank is providing better customer service through its 25 & one extension counters at Ganpat University, Kherva and Branches at various centers in the state of Gujarat.
Bank is having its Spacious and attractive own Premises of 14 Branches, reaming premises on lease hold base.
Purpose – for individuals to purchase (fresh / resale) or construct houses Application can be made individually or jointly.
Eligibility – Self – Employed or Professional or Business person
Quantum of loan – 70% maximum of the cost of the property (Agreement value + Stamp duty + Registration charges) based on the repayment capacity of the customer
Repayment option – Flexible repayment options to suit your individual needs.
Prepayment Charges – No pre – payment charges for repayment through own source
Interest Rates – the present interest rates for the home loan up to Rs. 10 lakhs is 12% and for loan above 10 lakhs is fixed as 12.75%