I am planning to take loan from Tumkur Grain Merchants Co-operative (TGMC) Bank Limited want loan details of this bank. Will you please tell types of loans offered by this TGMC Bank and also provide details about TGMC Bank Interest Rates so I can decide to take loan or not?

Tumkur Grain Merchants Co-operative (TGMC) Bank Limited is a leading Urban Co-operative Bank in the country, functioning with its Head Quarters at TUMKUR.

Types of loans:

» Deposit Loan
» Joint & Installment Loan
» NSC & LIC Bond Loan
» Shares & Debentures Loan
» Gold loan
» Pledge Loan
» Mortgage of Property
» Hypothecation for loan
» Machinery Loan
» Consumable Article Loan
» Housing Loan
» Cash Credit Loan

Loan Interest rates:

Type of Loan Rate of Interest
Housing Loan up to Rs. 25,00,000/- 11.50%
Rs.25,00,000/- to Rs.70,00,000/- 14.00%
Gold Loan 12.50%
SSI Loan, Term Loan & Machinery loan 14.00%
Cash Credit Loan, Over Draft Loan, 14.00%
Loan On Mortgage of Property 14.00%
Joint Loan & Instalment Joint Loan 14.00%
Consumable Article Loan 15.00%
Pledge Loan 11.50%
NSC/LIC/Share/Bonds/ and all other Loans 15.00%
Construction of Commercial Building, Loan (OD/CC/LMP) on Vacant Sites, Loan for Real Estate Business 15.00%
Rental Discount Scheme 13.50%
Hypothecation Loans
Personal/Private New vehicle 13.00%
Old vehicle 14.50%
Commercial New vehicle 14.00%
Old vehicle 15.00%

Contact:

Administrative Office

TGMC BANK
Opposite Government College
B H Road, Tumkur
Ph: 0816 - 4021102-103, 2257636
Fax: 0816 -2255956
Email: tgmcb_ho@hotmail.com