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May 3rd, 2016, 04:38 PM
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Bharat Co-Operative Bank Home Loan Interest Rate

Hi I would like to have the information about the rate of interest which is levied by the Bharat Co-Operative Bank for the home loan?

Bharat Co-agent Bank (Mumbai) Limited which was built up in 1978, now has a client base of more than 12 lakhs. The Reserve Bank of India has presented planned status to the Bank on 22nd April, 1996 and the Bank therefore enlisted as Multi-State Scheduled Co-agent Bank on 26th September, 1997.

Today the Bank has 36 Branches which incorporates 7 branches in Karnataka, four of which are situated in Bangalore and one each in Udupi, Mangalore and Suratkal. The Bank has posted a net benefit of Rs. 27.55 crores for the money related year that finished on 31st March 2010 as against Rs. 30.52 crores for the earlier year.

Reason:
This credit funds buy/development of private premises.

Qualification:
The home credit can be profited by a client with existing record or/and by applying for enrollment of the bank. The candidate ought to have a reasonable wage to reimburse the credit.

Financing cost:
Interest rate shifts from 11.5% to 17% contingent upon the class.

Quantum of Loan:
The most extreme measure of advance that could be acquired is Rs.50 lakhs. Estimation of stamp obligation and enrollment might be considered for most extreme sum qualified for credit.

Rate of Interest:
Interest is connected on day by day decreasing equalization.

Security and Guarantee:
Loan is sold against house/level acquired by the credit sum.

Contact Details:

Bharat Co-operative Bank (Mumbai) Limited

REGISTERED OFFICE & SERVICE BRANCH:
Mohan Terrace, 64/72,
Mody Street,
Fort,
Mumbai 400001.

Last edited by Neelurk; February 10th, 2020 at 03:47 PM.
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