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 and is continuously implementing & practicing new techniques for its customers. It offers crop loans, home loan, personal loan, land mortgage loan etc.
The bank offers loan against gold to its customers in order to meet their personal needs. Gold Loans can be a quick way to get a loan against the security of one’s ornaments. This is particularly true if the borrower might not have any credit history.
Purpose – To offer loan against gold to meet the personal and other needs of the customers;
Eligibility – Salaried, Professional, self employed
Quantum of Loan – Gold loan is sanctioned up to Rs. 14,000/- per 10 gm net weight of gold ornaments
Rate of Interest – The interest rate is 12%
Security – Gold is used as a security