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. Under his guidance the bank is continuously implementing & practicing new techniques for its customers. It offers crop loans, home loan, personal loan, land mortgage loan etc.
Purpose – Educational loans are available for MBBS, BAMS, BDS, Engineering Degree Courses and selected courses with foreign university
Eligibility – students who have obtained admission to career-oriented courses like medicine, engineering, management etc., either at the graduate or post-graduate level
Loan Amount – 100 % tuition fee is available as loan amount
Interest Rate – No moratorium period is available for repayment of interest. Interest will be charged at monthly reducing and should be paid as and when debited.
Repayment – Repayment of the loan will start after one year moratorium period on completion of the course.