Rajarambapu Sahakari Bank Limited bank commenced its operation on 10.11.1981. Rajarambapu Patil was leading height of the bank; he saw that the bank provides services to small and needy persons.
The bank caters to the needs of small farmers, artisans and craftsmen, large and small scale industries, traders and self employed. Providing loans for improving the standard of living for creating self employment opportunities and increasing earning potential of rural people. The Bank is now planning to extend its branches to Mumbai, Solapur and Ratnagiri. It is continuously implementing & practicing new techniques for its customers. It offers crop loans, home loan, personal loan, land mortgage loan etc.
Purpose – Term loans for purchase / construction of factory building / shed / office premises, purchase of plant & machinery, equipments, furniture & fixtures are available
Eligibility – Salaried, self employed, business men with repaying capacity are eligible for the loan
Loan Amount – Loan amount will be up to 75 % of the total cost. Bank guarantees and Letters of credits are available as per the requirement
Interest Rate – The rate of for loans Up to Rs. 50 lakhs the interest rate is 14 % (Rebate 2%) and for loans up to Rs. 50 lakhs and above the interest rate is 14 % (Rebate 2.5 %)