Yavatmal Urban Co-op. Bank offers innovative service and schemes. The bank was registered under Maharashtra State Co-operative Societies Act, 1960 on 12th April, 1965 vide registration no. YML/BNK/114 and license number UBD/MH/906P on 9th Nov.1987 and is governed by the Banking Regulation Act 1949 (A.A.C.S.) sec 5(CCV).
The bank offers a wide range of products and services. The loan products of the bank include home loan, personal loan, educational loan, vehicle loan etc.
Purpose – The loan is offered for any personal or business purpose
Eligibility – Salaried, professional or self employed
Quantum of Loan – Loan as well as O/D may be granted against NSC/KVP for personal use. Loan may be granted between 60% to 75% of the market value of NSC/KVP
Guarantor – Two guarantors are required
Period – may be ranged between 36 months to 60 months Recovery by all Post Date Cheques / Standing Instructions / ECS.
Others – Fixed loan may be granted to the extent 70% of the surrender value. Advance to be granted only to the existing good customers. No advance against third party security.