Site icon BankBazaar – The Definitive Word on Personal Finance

The City Co- Operative Bank – Loan against Pledge of Government Securities

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.

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 loan offers

Eligibility : Holding the above securities.

Maximum Amt. : 50% of the face value of NSC, KVP, of 2 years old & 75% of the face value more than 2 years old. 80% of the surrender value of LIC Policies.

Repayment : 36 months or upto the date of maturity whichever is earlier.

Exit mobile version