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The City Co – operative Bank – Loan against Term Deposits

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 any lawful personal purpose

Eligibility: Having term deposit with our bank.

Maximum Amount: 90% of the Deposit amount.

Rate of Interest: 1% above the interest being paid on Deposit irrespective of amount of loan

Repayment: Maximum 36 months or period of deposit receipt whichever is earlier.

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