The City Co- operative Bank has 8 branches in Mumbai and 2 branches in Thane District. The services of the bank include Safe Deposit Lockers at our Borivali (E), Dahisar (W), Mira Road (E), Girgaon and V. P. Road Branches.
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.
Utility Bill Payment – The bank offers the simplest way to pay Reliance Energy Bills at its Dahisar (West), Dahisar (East), & Borivali East ) branches.(By cheque /DD only). The bank also offers entire range of General and Life Insurance products with reputed Insurance Companies.
Additional Reading: RBI Relaxes Withdrawal Limit For Depositors Of City Co-operative Bank
The bank offers Home Loan, Personal Loan, vehicle loan, educational loan, Mortgage loan, Loans against Rent receivable, Loans for Consumer Durables, Loan against Gold & Silver Ornaments and Loan against Term Deposits.
Purpose – The home loan is offered for the purchase of Residential premises or for the purchase of Commercial premises
Eligibility – Minimum 5 years of permanent service of applicant and sureties or profitable business for 5 years
Loan Amount – Residential Premises Rs.15.00 lakhs or 50 times of net salary/ income of applicant, whichever is less; Commercial Premises Rs.30.00 lakhs
Repayment – Maximum 180 consecutive monthly installments
Interest Rate – 11% to 12.5%
Security – Property