The Mysore Merchants Co-Operative Bank Limited is a trendsetter Bank in Karnataka which serves its customers all the 365 days of the year. The Mysore Merchants Co-operative Bank Limited was converted to a bank on 29-06-1962. The main object of the Bank at that time was to protect the businessman from the exploitation of the private bankers.
The Mysore Merchants Co-Operative Bank offers wide variety of Loans Products to suit the requirements of its customers. Coupled with convenience of networked branches and wide facility in Banking, it offers loans such as home loan, vehicle loan, education loan, personal loan, joint loan, gold loan etc.
Purpose – The loan is offered for the purchase of old and new vehicles
Eligibility – Should be a member of the Bank; The borrower must have repaying capacity
Age Group – applicant should be an Indian resident or over 18 years of age and should be a member of the bank
Rate of Interest – 11.5 % per annum; Simple Reducing
Processing Fees – Nil