Bombay Mercantile Co Op Bank Personal Loan: Are you looking for a personal loan with attractive offers? The Bombay mercantile cooperative Bank offers personal loans to eligible individuals to meet their economic needs. In this writing, we will be talking about the eligibility for the personal loan, documents needed, purpose, repayment and also about Bombay Mercantile Bank merged with which Bank.
The Bombay Mercantile Co-op Bank also offers other loans such as home loans, education loans, car loans etc. One can apply for a personal loan at the Bombay Mercantile Bank website if they meet the eligibility criteria stated by the bank.
Want to compare Bombay Mercantile Co Op Bank Personal Loan with other bank personal loans for lowest interest rates and extra offerings? Just keep an eye on our Complete Guide on Personal Loan & choose the suitable bank to apply for the loan.
Bombay Mercantile Co Op Bank
- Bombay Mercantile Co Op Bank OverviewÂ
- Bombay Mercantile Co Op Bank Features
- Bombay Mercantile Co Op Bank Personal Loan Features
- Takeaways from the Article
Bombay Mercantile Co Op Bank Overview
The Bombay Mercantile Cooperative Bank was founded in the year of 1939 by Shaikh Mohammedally Allabaux. Along with Padmashri Zain G. Rangoonwala, he established the Bank and became the founder chairman of the Bank. The Bombay Mercantile Cooperative Bank became the largest urban cooperative Bank in Asia in the year of 1941.
In the year 1949, the Bank decided to give itself a more secular look and hence changed its name to the Bombay Mercantile Cooperative Bank Limited. It is a credible and trustworthy bank that helps develop a weaker section of society.
It provides self-employment schemes for the poor and oppressed people and helps them in any way possible. The Bank has even opened branches that are managed exclusively by women staff to help the ladies of the society. Currently, the Bank has 52 branches and a head office in Srinagar.
Bombay Mercantile Co Op Bank Features
- The Bank is identified under the Multi State Cooperative Societies Act.
- It was the first cooperative Bank that provided credit on the purchase of taxis.
- This Bank is the first scheduled urban cooperative Bank that introduced the micro-financing scheme for women artisans. The scheme was introduced at Hyderabad and Lucknow.
- The first cooperative Bank that the RBI granted the scheduled status in the year 1988.
- The customer service of the Bank is amazing, and Any individual option for a Personal Loan can make a withdrawal of cash from this Bank from any ATM.
- Other loans provided by the Bank include a car loan, home loan, gold loan, education loan, etc.
Bombay Mercantile Co Op Bank Personal Loan Features
- The Bombay Mercantile Cooperative Bank provides personal loans that have competitive interest rates.
- The personal loan processing at this Bank is very quick and easy.
- The details regarding the personal loan provided here are very transparent, and hence the consumers are well aware of all the details.
- The Bank additionally provides personal loans to salaried individuals and the purchase of domestic appliances.
Takeaways from the Article
This article talks about the Bombay Mercantile Cooperative Bank Personal Loan features. A brief history of the Bank is also given in this article. One needs to maintain various crucial things before applying for a personal loan here.
Therefore, before applying for a personal loan at the Bombay Mercantile Cooperative Bank, be well aware of its characteristics and necessities.