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 is continuously in profits since inception and has attained the status of ‘A’ Grade. This has been possible by the excellent co-operation extended by the erstwhile and the existing Directors of the Bank and all the employees for their dedicated and concerted efforts.
Purpose – The personal loan is offered for any purpose
Quantum of Loan – Maximum limit Rs. 1,00,000/-
Rate of Interest – 18.50%
Period – Period 36 months to 60 months
Guaranty – Only two guarantors
Mode of Repayment – Post Dated Cheques or Standing Instructions or ECS
Calculation of Installment
| Particulars | Loan Amount 10,000 | Loan Amount 50,000 | Loan Amount 1,00,000 | |||
| 36 months | 60 months | 36 months | 60 months | 36 months | 60 months | |
| Salary Deduction & MoU | 342.00 | 233.00 | 1709.00 | 1163.00 | 3418.00 | 2327.00 |
| Collateral | 354.00 | 246.00 | 1770.00 | 1229.00 | 3540.00 | 2458.00 |
| General | 364.00 | 257.00 | 1820.00 | 1283.00 | 3640.00 | 2567.00 |