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.… Read More »
A recent press report said that IndusInd Bank has planned to open at least 400 new branches over the next three years as part of its branch network expansion strategy. Mr. Romesh Sobti, Managing Director and Chief Executive Officer, of the bank said that the bank has almost 310 branches and it is expected to… Read More »
Purpose – For purchase of Machines, Vehicles of all types, Office equipments etc for business use and construction/repair/renovation or purchase of factory land and building or office premises Eligibility – Any member of the Bank engage in any type of trade or services or profession. Nature of facility – Term Loan Securities… Read More »
Purpose – For purchase of any medical equipment Eligibility – Any Individual bonafide member of the Bank Type of facility – Term Loan Maximum Limit – Rs. 10.00 lakhs subject to the maximum of 36 times of monthly income of the respective borrower Margin – 25% or above depending upon merit of each case Rate… Read More »
Purpose – For purchase of new Computers, Television Set, Refrigerator, Washing Machines and other consumer durables Eligibility – Any Individual member, including Nominal Member of the bank similar to any other personal loan Maximum Limit – Rs. 50,000/- or up to 10 times of monthly income of the borrower, whichever is less. Period of repayment– … Read More »
Purpose – Purchase of New Car, Scooter, Motor Cycle etc Eligibility – Any individual who is a member of the bank, having minimum monthly salary of Rs. 10,000/- for car loan and Rs. 7,000/- in case of any other loan Quantum of Loan – Up to the maximum of 36 months, income of the borrower… Read More »
Purpose – For working capital requirement only for construction of residential or commercial buildings Eligibility – Any individual, group of individuals, Proprietorship, Partnership firm, companies who is/are a bonafide member of the bank and is/are undertaking small construction work on their own and no advance payment is received by them for the purpose,… Read More »
Purpose – Pre-sale and Post-sale working capital requirements Eligibility – Any regular member of the Bank engaged in any trade or industry or services or profession. Nature of facility – Cash Credit or overdraft WCTL Bills purchased (BP) and/or Bills Discounted (BD) Primary Securities – stocks and/or Book Debts of the… Read More »
Purpose – For the purpose of various expenses for the course of study like; tuition and other fees payable to the Collage, Institute, Hostel, Purchase of Books, Equipments, Instruments or Uniforms, any deposit required to be deposited, Traveling Expenses and any other expenses required to be incurred by the student for the said purpose. Eligibility –… Read More »
Purpose – Any legitimate requirement of finance, except for speculative purposes. Eligibility – Individuals & Business entities who is a bonafide member of the bank Quantum of Loan – Minimum Rs.5.00 Lakhs and Maximum Rs.75.00 Lakhs, subject to maximum of 36 month salary or income in case of individual borrowers, Level of Debt… Read More »