Greater Bombay Co-operative Bank Limited – Greater Bank Grihalakshmi Housing 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 finances construct / purchase a house / flat or overtaking a mortgage.
Qualifications: Salaried people, Businessmen, Self-employed professionals like Doctors, Engineers, Lawyers, Chartered An accounting firm, etc., Entrepreneurs can avail this loan.
Quantum of Loan: The most granted as loan is Rs. 50 lakhs.
Interest rate: The interest rate is 10.5% per year for financial loans as much as Rs. 5 lakhs, 10.75% per year for financial loans of Rs. 5 lakhs to Rs. 10 lakhs, 11% per year for financial loans of Rs.10 lakhs to Rs. 30 lakhs and 11.5% per year for financial loans of Rs. 30 lakhs to Rs. 50 lakhs.
Payment: The utmost duration of payment is 15 year. The payment needs to be completed in EMI.
Security & Guarantee: Documents associated with house property have to be created.
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