Why Greater Bank

The Greater Bombay Co-operative Bank Ltd. offers specialized scheme designed to provide a specified portion of the bank lending to specific sectors / small scale industries engaged in manufacturing & service sector which will significantly contribute to an all round development of the economy.

Mortgage Loan

  • Term Loan
  • Short Term Loan
  • Overdraft Facilities

Facilities Available

  • Tenure – ML-Max 120 months, FOD–Repayment on demand, subject to annual review
  • LTV - Self Occupied Residential Property – 75%,
    Self Occupied Commercial/Industrial– 65%,
    Rented Property – 60%
    (LTV – 60% to be considered for property older than 15 years)
  • Customers - Individual / Proprietary Firms, Registered Partnership Firms /
    Limited Liability Partnership Firm / Private Limited / Limited Companies.
  • Security - Acceptable mortgage of asset (Residential/ Commercial) with clear & marketable title. Geo limit for Mortgage Property up to 25 Km radius of Branch premises including Badlapur, Ambernath, Ulwe, Palghar, Panvel.
  • Interest rate: Starting from 9.50%*
  • 3 yrs ITR set of individual, firm / company, GST ITR as applicable
  • 1 yrs bank statement individual and company
  • Company / firm Pan Card, MOA, AOA, Registered Partnership Deed / LLP deed List of director with share profit ratio
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