Welcome to Kokan Mercantile Co. Op. Bank Ltd.
Sr. No. Type Of Loan Period Limit/Slab Rate Of Interest
1 Housing loan (resi. acco) for purchase of flat/construction of house/tenements. Upto 180 months Upto rs.10.00 lacs 11.00%
Above rs 10.00 - rs 25.00 lacs11.50%
Above rs. 25.00 lacs 12.00%
2 Salary deduction 40/60 months, subject to confirmed salary deduction /salary a/c (Govt./ ltd. co ) Maximum Rs. 2.00 lac. 14.00%
3 Vehicle loans
i ) Commercial - new maximum 60 months. 80 % of basic cost of vehicle (inclusive of tax)14.00%
ii ) Commercial - old old upto 12 months 70 % of the valuation 14.50%
old Above 12 - 36 months 50 % of the valuation15.00%
old Above 36 months 50 % of the Valuation 16.00%
iii ) Private vehicles (new) new upto Rs. 25.00 lacs 85 % of basic cost of vehicle (inclusive of tax) 12.00%
New Above Rs. 25.00 lacs 80 % of basic cost of vehicle (inclusive of tax) 13.00%
iv) Private vehicles (old) old upto 12 months 70 % of the valuation 13.50%
Upto rs 25.00 lacs old above 12 -36 months 50 % of the valuation 14.00%
Old above 36 months 50 % of the valuation 14.50%
v) Private vehicles (old) old upto 12 months 50 % of the valuation 13.50%
Above Rs 25.00 lacs old Above 12 -36 months 50 % of the valuation 14.00%
vi) New two wheelers upto Rs. 1.00 lac -40 months 80 % of basic cost of vehicle (inclusive of tax) 12.00%
Above Rs. 1.00 lacs -60 months 50 % of basic cost of vehicle (inclusive of tax) 12.50%
4 Unsecured - term loan 40 months 16.00%
5 Unsecured - Overdraft 12 months 16.00%
6 Against gold ornaments
a) Term Loan (Upto Rs.1.00 lac) 12 months 75 % of the valuation12.00%
b) Term loan (Abv Rs.1.00 lacuptoRs 2.00 lakhs) 12 months 75 % of the valuation13.00%
c) Term loan (Abv Rs.2.00 lacupto Rs 10.00 lakhs) 36 months repayable In equal monthly Instalments along with Interest. 75 % of the valuation13.00%
d) Overdraft (Gold)(Upto Rs 10.00 lakhs) 12 months 75 % of the Valuation13.50%
7 Fixed deposits upto maturity 1st party 1% extra
Fixed depositsupto maturity 3rd party 2% extra
8 NSC / KVP ( Gov. security upto maturity 75% of the face value12.00%
9 LIC Policy upto maturity 75% of the Surrender value12.00%
10 Elect./ Domestic Appl 40/60 months 70% of the Quotation15.00%
11 Educational loans. maximum 84 months instalment starts 1 year after completion of course & interest is payable monthly12.00%
12 Business/General Term loan against land & build, mach., motor launch, furniture & fixtures, fixed assets,etc. (upto rs 25.00 lacs) & house-repairs. House - Repair 40 - 60 months and Others -84 months. or on basis of repayment capacity of borrower, However not more than 120 months Upto Rs.5.00 Lacs 13.00%
Above Rs 5.00 -Rs 10.00 lacs13.25%
Above Rs 10.00 -Rs 20.00 lacs 13.50%
Above Rs. 20.00 -25.00 lacs 13.75%
13 Cash Credit / Overdraft upto Rs. 25.00 lacs Period 12 Months. Upto Rs.5.00 Lacs 13.00%
Above Rs.5.00 -Rs. 10.00 lacs13.25%
Above Rs10.00 -Rs 20.00 lacs 13.50%
Above Rs. 20.00 -25.00 lacs 13.75%
14 Loan to Builders As Per Project Period Upto Rs 25.00 lakhs15.00%

Chief Executive Officer

Harbour Crest, Mazgaon T.T., Mumbai - 400 010.

+91-22 2372 3753, 2372 9969, 2637 9971, 2373 4202, 2373 4311

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