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. It offers crop loans, home loan, personal loan, land mortgage loan etc.
Purpose – Housing loans for purchase of New / resale flat / house or construction of bungalow / house are available up to 75 % of the estimate / valuation of the property / agreement of sale.
The home loan is also offered for taking over housing loan from other bank / financial institution up to 100 % of the balance outstanding on the loan account subject to loan account should be regular
Eligibility – Farmers with repaying capacity are eligible for the loan
Loan Amount – up to 75 % of the estimate or valuation of the property or agreement of sale
Repayment period – Total repayment period will be up to 10 years