Shriram Urban Co-operative Bank Ltd. Nagpur named after Lord Shriram, idol of the people of India commenced its business on the eve of Ramnavami, the 21st March, 1996. The bank is in profit since inception and has been consistently receiving “A” classification in the statutory audit for all these years. Bank has complied all the norms of R.B.I. and it has been categorized as Grade 1 Bank as per R.B.I. yardsticks.
The bank offers home loan, personal loan, educational loan, vehicle loan etc.
Purpose – For any purpose
Quantum of Loan – Maximum limits Rs. 10 lakh or 4 times net annual income which ever is less. Term loan up to 65% of valuation by panel value
Guarantors – Only two guarantors
Rate of Interest – 16.50%
Other Conditions –
- 3 years I.T. returns along with Balance Sheet and Profit & Loss account and last 6 months Bank statement.
- Property under HUF, in Joint name and HIBA not allowed.
- Certificate of the Architect to be obtained as regards the life of the property and valuation.
- Registered mortgage with deposition of title deed.
- Property to be insured for its present market value with Bank clause.
- Banks’ charge should e noted with City Survey Office