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

Opening of Churchgate branch


Advances Rates

Rate Of Interest On Advances

Various types of loans and their respective rate of interest effective from 01/09/2009 
Sr. No. Type of Loan New Rate of Interest @ (%) p.a.
1 Gold Loan  
Hallmarked 13.00
Non Hallmarked 13.00
2 Loan against government security 13.00
3 Against pledge of Shares & Debentures  
Demat 13.00
Physical --
4 Vidya Loan 11.00
5 Yatri Loan 13.00
6

Vehicle Loan:- Greater Four wheeler loan New

Vehicle Loan:- Greater Four wheeler loan Old

13.00

14.00

Greater Ride Vehicle Loan (two wheeler loan) 14.00
Loan for purchase of new autorikshaws through our apporved delars. 14.00
7 Dhanvantari Loan (for medical practitioners) 14.50
8 Loan against Rent Receivable 14.00
9 Greater Convenience Loan  

Loans with Salary Deduction u/s 49 of MCS Act,1960 and / or with salary credit by way of ECS –

Under Group Tie up (with min. business exposure of Rs. 200.00 lakhs) for specific category of companies – confirmed employees of reputed PSUs, Limited Companies, Central / State Govt. Employees, Multi National Companies (MNCs), Large Corporates, Professionals etc. as approved by Corporate office.

14.50

Loans with Salary Deduction u/s. 49 of MCS Act, 1960 and / or with Salary Credit by way of ECS –

Under Group Tie up (with min. business exposure of Rs. 100.00 lakhs) for Medium Corporates as approved by Corporate Office.

 15.00

 

Loans with Salary deduction U/s. 49 of MCS Act 1960 and / or with salary credit by way of ECS –

For Small Companies that do not fall in the above two categories.

 15.50
 

All other cases in which salary credit by way of ECS is not available but ECS credit of Loan instalment is available,Employees of Pvt. Ltd.Companies, Business Category etc.

 16.00
10 Consumer Durable 16.00
11 Grihalakshmi Housing Loans  
1) Up-to Rs.5.00 lakhs 10.50
2) Above Rs.5.00 lakhs upto Rs.10.00 lakhs 10.75
3) Above Rs.10.00 lakhs to Rs.30.00 lakhs 11.00
4) Above Rs.30.00 lakhs to Rs.50.00 lakhs 11.50
  In case of tie up arrangement with a reputed builder for a minimum business of Rs.100.00 lakhs, subject to prior approval by Corporate Office  
1) Up-to Rs.5.00 lakhs 9.50
2) Above Rs.5.00 lakhs upto Rs.10.00 lakhs 9.75
3) Above Rs.10.00 lakhs to Rs.30.00 lakhs 10.00
4) Above Rs.30.00 lakhs to Rs.50.00 lakhs 10.50
12 Home Repair / Renovation Loan 13.00
13 All Commercial Loans upto Rs.5.00 lakhs 15.50
14 Flexi Overdraft Scheme PLR + 1.50 i.e. 14.50
15 Mortgage Loan PLR + 1.50 i.e. 14.50

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