The Greater Bombay Co-operative Bank Limited is commonly known as Greater Bank. It started about over five decades ago on 10th December 1952, when a small group of philanthropists got together to set up the Bank. Though the founders were pursuing interests of their own, they decided to establish the bank with the sole motto of serving the community at large. Having this idea fixed in mind they introduced attractive deposit and lending schemes applicable to the times. The bank offers home loan, personal loan, travel loan etc
Purpose – The loan scheme is available for setting up new dispensary or hospital or for acquiring equipments, apparatus, furniture & fixtures for an existing or proposed establishment or for repair and renovation of existing establishment or purchase of vehicles for profession.
Eligibility – Qualified individual Medical practitioner(s) including Dentist or Radiologist from reputed Universities and registered with Indian or Maharashtra Medical Council or Dental Council of India.
Margin – Minimum @ 25% on the assets considered eligible for loan.
Quantum of Loan – As per our individual exposure norms
Rate Of Interest – The rate of interest is 14.50% per annum on EMI basis
Tenure – Maximum 84 months in Equated Monthly Installments including maximum 12 months moratorium period; Interest during moratorium period will be charged on monthly rests