Greater Bombay Cooperative Bank to offer free savings a/c facility with gold loans
By Vaibhav Aggarwal
Sep 28, 2012
Print    Email    RSS   

The scheduled bank, Greater Bombay Cooperative Bank, has launched a new scheme aimed to attract more customers towards its gold loans product. The bank has announced that it will provide a savings account to customers availing loans against gold jewelry free of cost.

The scheduled bank, which is popularly called the Greater Bank, is offering gold loan borrowers loans ranging from Rs. 10, 000 to Rs. 25 lakh at 13 percent annual interest rate. The loans will be sanctioned within 1 hour and no documentation charges will be levied on them. The bank will calculate interest on a daily reducing balance method.

On the matter, the Chairman of Greater Bank, Mr. Narendra Kumar Baldota said that their customers based in Navi Mumbai, Mumbai, Mira-Bhayandar and Thane -Dombivali will be most benefitted with the scheme since the scheme provides loan facility on mortgage of gold ornaments of even small value. For this, the bank has set up gold valuation machines in all branches.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Consolidation good for creating healthier...
Managing and emerging out of institutional...
Effect of employment on loan eligibility...
Manage your loans, avoid recovery agents
Some admissible deductions under Income...

HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive