The Meghalaya Cooperative Apex Bank has been a pioneer in banking in the State and rendering various public utility services since inception. Financial assistance in the shape of overdraft facilities and loans are extended to Government Gazetted Officers and regular constituents of the Bank against adequate securities. Government approved Whole-sellers dealing in Fair Price Commodities are also provided cash credit facilities in a limited scale. Credit facilities also provided to the Govt. Servants as also to Techno crafts & Professionals like Doctors, Chartered Accountants, etc. for purchase of vehicles for their easy mobility & setting up of Clinics/Nursing Homes/Self Employment Units.
Purpose – To offer financial assistance to professional in order to excel in their field of expertise
Eligibility – Doctors, Lawyers, Technocrats and other Professionals to set up Clinic, Consultancy Firms etc. against adequate securities
Rate of Interest – The interest rates of the loan is similar to the other personal loan offered by the bank.
| S.no | Details | Interest Rates |
| 1 | For loans upto & inclusive of Rs. 50,000/ | 11.00 % |
| 2 | For loans over Rs.50,000/- to Rs. 1.00 lakh | 11.50 % |
| 3 | For loans over Rs. 1.00 lakh to Rs. 2.00 lakh | 12.50 % |
| 4 | For loans over Rs. 2.00 lakh | 13.50 % |