A recent press report said that IndusInd Bank has entered into a memorandum of understanding (MoU) with the Indian Army in order to provide a whole gamut of banking and wealth management products to all the cadres of the Army. Reports said that IndusInd Bank is the seventh bank to enter into a tie-up with… Read More »
Purpose – The home loan is offered for the Purchase/Construction of Flat/Independent Bungalow Quantum of Loan – Maximum Limit will be as per Exposure Norms. Terms – Maximum 13 yrs. / Maximum moratorium 18 months or date of possession, which ever is earlier Margin – 15% for ready possession and 30% for under-construction of Flat/House… Read More »
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… Read More »
A recent press report said that Mr. Diwakar Gupta, Managing Director, and CFO, State Bank of India, has cautioned banks from issuing free credit cards. He said that the issuing of credit cards should be made against a fee so that only those who value it will get it. He asked banks not to push… Read More »
The Kozhikode District Co-operative Bank Limited, (erstwhile Malabar Co-op Central Bank Limited known as MCC Bank) was registered and started functioning on 03.12.1917. In the beginning, the name of the Bank was Malabar District Co-operative Bank Ltd., registered under Section 9 of Act II of 1912(India). Initially, the area of operation of the Bank was extended to… Read More »
Purpose – Purchase of new and old vehicles Eligibility – Salaried, self employed or professional with repaying capacity Quantum of loan – Maximum Rs.25/- Lakhs for commercial vehicles Margin – New Car 10%; Used Car- 50% (Valuation); commercial vehicle- 30% Rate of Interest – The rate of interest of the car loan for New… Read More »
Purpose – Any purpose Eligibility – Salaried, self employed or professional with repaying capacity Margin – 50% (Valuation Rate of Interest – The rate of interest 12.5 %; Interest on monthly reducing balance Duration – 84 months Security – Mortgage of Immovable Property Guarantor – one or two individual guarantors acceptable to bank similar to… Read More »
Vijay Co-operative Bank Limited offers its patronage various types of loans. Depending upon the requirement, one can avail of the loan facilities from the bank. It offers home loan, car loan, personal loan, consumer loan, educational loan etc. Purpose – Any purpose other than investment Eligibility – Salaried, self employed or professional with repaying capacity… Read More »
Purpose – The home loan is offered for the Purchase or construction of new house Eligibility – Salaried, self employed and professional Margin – 20% Rate of Interest – Up to Rs.2 lakhs 11%, above Rs.2 lakhs 12% Duration – Up to Rs.2 lakhs 180 months, Above Rs.2 lakhs 120 months Documents – Allotment letter/Booking… Read More »
The Kozhikode District Co-operative Bank Limited, (erstwhile Malabar Co-op Central Bank Limited known as MCC Bank) was registered and started functioning on 03.12.1917. In the beginning, the name of the Bank was Malabar District Co-operative Bank Ltd., registered under Section 9 of Act II of 1912(India). Initially, the area of operation of the Bank was extended to… Read More »