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AGM of The Greater Bombay Co-Operative Bank Ltd held on August 13, 2010

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Housing Loans

Greater Bank Grihalakshmi Housing Loan
"Make Your Dreams Come True !"

Purpose
To provide housing loans to individuals at competitive interest rate considering the needs.

Eligibility
Salaried individuals, Businessmen, Self-employed professionals like Doctors, Engineers, Lawyers, Chartered Accountants, etc., Entrepreneurs

We Finance
  • Construct your own bungalow
  • Buy flat/Row House
  • Buy resale flat
  • Take over of existing Housing Loans with other banks & financial institutions.
Rate Of Interest
Tenure (in years) EMI PER LAC
Upto 5 Lakhs @10.50% 5-10 Lakhs @10.75% 10-30 Lakhs @11% 30-50 Lakhs @11.50%
5 2,149 2,162 2,174 2,199
10 1,349 1,363 1,378 1,406
15 1,105 1,121 1,137 1,168

We Provide
  • Express loan processing
  • Simple loan documentation
  • Low EMI
  • Interest on daily reducing balance
  • Low processing charges (1.00%)
  • Maximum Loan Amount of Rs.50 lakhs
  • Life insurance for the principal borrower at nominal cost
  • Added benefits of bank's membership

Shareholding
2.5% of loan amount

Requirement Of Documents For New Property
75% of Agreement Amount of the Residential property subject to his income eligibility whichever is lower.

For Resale Property
75% of Agreement Amount of the Residential property OR 75% of the Valuation Amount whichever is lower, subject to his income eligibility whichever is lower.

You may please contact the Retail & Housing – Relationship Cell at:
5 & 6, Ganesh Anand, C.S Road, Anand Nagar, Dahisar(E), Mumbai 400 068.
Email: retailcell@greaterbank.com


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