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: Purchase of Residential premises / commercial premises
Eligibility: Minimum 5 years of permanent service of applicant and sureties or profitable business for 5 years.
Quantum of Loan: Residential Premises Rs.15.00 lakhs or 50 times of net salary/ income of applicant, whichever is less; Commercial Premises Rs.30.00 lakhs
Rate of Interest: 11% – 12.5 %
Repayment: Maximum 180 consecutive monthly installments for residential premises and Maximum 180 consecutive monthly installments.