The Greater Bombay Co-operative Bank Ltd launched ‘Greater Professional Scheme’.

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The Greater Bombay Co-operative Bank Ltd; has always been at the forefront to nurture and encourage entrepreneurship. “Our products Greater Business and Greater Vyapar, designed for small traders and businessmen is very popular. Greater Professional Scheme is our new product designed specially to meet the credit needs of professionals holding a degree / diploma in their field of expertise be it Accountancy, Medicine, Cooking, Baking, Beauty Therapy, Engineering, Journalism etc. The product is designed to empower professionals to achieve their goals and the maximum amount that can be availed is Rs. 5 crore.” says Ms. Manisha Raodeo, CEO of the Bank.
Loans under this scheme may be granted for the purpose of financing purchase of equipment / business premises to be used by the borrowers, construction, making alterations or renovation of business premises/ nursing homes or for working capital requirements, in their professions.

Constitution of the Borrower: Individuals, Joint Borrowers, proprietorship, partnership, companies (Pvt. & Public Ltd) concerns where majority of share holding is by qualified professionals (only in case of firms and companies.)

Amount of Loan: Upto Rs. 5 crore can be availed in the scheme at attractive interest rates.

The Greater Bombay Co-operative Bank Ltd; made its humble beginnings in the year 1952. The Bank has made a mark for itself by providing high quality banking service and offers a wide range of products & services that meets the requirements of all segments of customers. The first co-operative bank to achieve ISO 9001: 2008 certification for all its branches and departments, the Bank has been taking giant strides by attracting customers from all income groups and has expanded its portfolio with respect to credit and investment needs of its customers since inception.

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