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