The city Co- operative bank is one of the well known banks having almost 8 branches in Mumbai and 2 branches in Thane District. In addition to banking for conveniences of its customers the Bank is also providing insurance and other services. Its loan portfolio includes housing loan, personal loans, educational loans, business loans, mortgage loans etc.
The bank also provides Safe Deposit Lockers at our Borivali (E), Dahisar (W), Mira Road (E), Girgaon and V. P. Road Branches
It also offers RTGS facility – The system is secured and fund can be credited to the RTGS enabled Bank / Branch instantly. The system is instruction based and does away with the cheque & instrument there by reducing the delay in credit of proceeds & bouncing of the cheques.
Purpose: For higher education at abroad or in India in any institute affiliated to a recognized University.
Eligibility: Applicant should have consistent and good academic record. Duration of course must be clear& specific. Parents should have sound source of income to repay the loan.
Quantum of Loan: Inland : Maximum Rs.5.00 lakhs.
Abroad: Maximum Rs. 5.00 lakhs.
Repayment: Maximum 84 months excluding Moratorium Period (Moratorium period will be as decided on case to case basis). Interest accrued during the period of moratorium will have to be paid regularly as and when charged. Repayment will be in equated monthly installments.