THE PIMPALGAON MERCHANTS CO-OP BANK LTD

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Services

Digital Banking Starting With The Pimpalgaon Merchants Co- op Bank Mobile App

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Our Loan

Home Loan

A home loan is a secured loan that is obtained to purchase a property by offering it as collateral. Home loans offer high-value funding at economical interest rates and for long tenures. They are repaid through EMIs. After repayment, the property's title is transferred back to the borrower. A house loan has a substantially lower interest rate than any other sort of loan that is offered. In order to get out of financial trouble, you might be able to top up your current house loan at a cheaper interest rate than a personal loan.

Vehicle Loan

A Vehicle Loan is a loan that allows you to purchase two and four wheelers for personal use. Typically, the bank loans the money (making a direct payment to the dealer on the buyer's behalf) while the buyer must repay the loan in Equated Monthly Instalments (EMIs) over a specific tenure at a specific interest rate.

Gold Loan

For a Gold Loan, the bank takes your gold as collateral for the period of the loan. Banks charge an interest rate, and once you repay the entire loan, the bank returns your jewellery. Another essential thing you need to know about how Gold Loan works is the type of gold accepted. Most banks accept only gold jewellery. Its process is very easy and in a way it is a profitable deal. The value of the gold loan depends on the weight and purity of the gold pledged.