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: House Repair, Marriage Ceremony, Medical Expenses, Tuition Fees, Tours, Purchase of Household furniture, etc.
Eligibility: Minimum 3 years of permanent service in Public limited Co., Reputed firms & Undertakings. Applicant should have ‘take home’ salary of 25% after deducting EMI of proposed loan.
Rate of Interest: 15% to 17 %
Quantum of Loan: Maximum Rs.2.00 lakhs with 2 Sureties.
Repayment: Maximum 60 consecutive monthly installments.