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: Working Capital Finance, purchase/repairs of business /residential premises, educational, marriage, medical expenses, investment (other than speculative purpose) etc.
Eligibility: The applicant should be lesser of the property. He may be an individual or a body corporate registered under the relevant law of land. The lessee should be a reputed organization. The lessee should be acceptable to the Bank.
Guarantors: Guarantee of minimum 2 persons of good means.
Quantum of Loan: To the extent of Total Rent Receivable.
Rate of Interest: 14%
Repayment: According to lease period.