Mehsana Urban Co-Op Bank Limited was established on 23rd October, 1983, registered under Co Operative Society Act 1961 Registration No. 20052. 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. 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.
The bank offers car loans at attractive interest rates and the processing of loan is faster compared to other loans.
Purpose – Purchase of new car
Eligibility – Self – Employed or Professional or Businesswomen
Quantum of loan – Maximum 70% finance on the borrowers favorite car
Documentation – Hassle-free documentation
Repayment – Flexible repayment options, ranging from 12 to 60 months; Repayment with easy EMI
Rate of Interest – 11.50 per cent for loan amount up to Rs. 10lakhs and 12.00 per cent for car loan above Rs. 10 lakhs.