Greater Bombay Co-operative Bank Limited – Gold Loan
The Higher Bombay Co-operative Bank Ltd, more commonly referred to as Greater Bank, was established over…
The Higher Bombay Co-operative Bank Ltd, more commonly referred to as Greater Bank, was established over five decades ago on tenth December 1952. The financial institution was established having a single motto of serving the society in large. In 1996, the financial institution accomplished the -Scheduled Bank -status. The Financial Institution continues to be functioning perfectly within the the past few years and it has effectively entered a first deposit mark in excess of Rs.1200 crores along with a business mix in excess of Rs. 2000 crores.
Purpose: This loan could be acquired for just about any personal / business / every other needs of the individual.
Qualifications: Anyone getting sufficient ability to pay back the borrowed funds can avail this personal bank loan.
Quantum of Loan: The quantum of loan can differ from Rs. 5,000/- to Rs. 15,000/-.
Interest rate: The interest rate is 14% per year fro financial loans as high as Rs. 1 lakh. Foe financial loans above Rs. 1 lakh the interest rate is 13% per year.
Margin: Just in case of non hall- marked gold stored as security the margin is 30%. Just in case of hall- marked gold being the safety, the margin is 25% only.
Security & Guarantee: The gold ornaments are pledged towards the bank that is taken because the to safeguard the borrowed funds.
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