NKGSB was established by a great visionary Sheth Shantaram Mangesh Kulkarni on 26th September, 1917.The Bank is now a Multi-State Bank having its area of operation in the States of Maharashtra, Karnataka, Goa, Gujarat and Union territories of Daman, Diu, Dadra and Nagar Haveli. Over the years, the Bank has consistently shown healthy growth both quantitatively and qualitatively. The Bank has not only grown in size of deposits and advances, but has multiplied its net worth making the institution financially sound and fundamentally strong.
Life Cycle Banking Scheme is an additional loan anytime without additional security or guarantee. There is no pre-payment charges for repayment through own source. The bank offers attractive interest rate.
The loan is offered for the purpose of renovation & furnishing, higher education, consumer durables, 2 & 4 wheeler vehicle, medical Equipments, foreign Travel, marriage or other Ceremony and medical expense. Salaried employees, Professional and business men are eligible to receive the loan. The maximum amount of loan is fixed as Rs.2 Lakhs. The borrower has to submit documentary evidence of loan purpose.
Extension of Equitable mortgage is considered to be the security for this personal loan. The repayment period is up to seven years. The prepayment can be done ECS, Post dated cheque and Standing Instruction.