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, vehicle loan, education loan, mortgage loan etc.
The area of operation of the bank is Nagpur district and the bank has been formed to mobilize resources from the public to cater to the credit needs of common man, small entrepreneurs, S.S.I. units, traders, professional and self-employed persons, service providers etc.
Purpose – The personal loan is offered for any personal purpose of the borrower
Eligibility – Minimum monthly income should not be less than Rs5000/-
Quantum of Loan – Maximum Rs.100000 /-
Rate of Interest – 14%
Repayment – Repayment period ranges from 36 months to 60 months depending on monthly income