Refinance against Salary Earners Societies

Objective

MStCB provides Refinance facility to DCCB's against finance provided / to be provided by DCCB to Salary Earners Societies.

Maximum Limit

80% of Non-overdue outstanding of limit sanctioned by DCCB to Salary Earners Society (Classified as A, B, C).

Margin

20%

Security

Non-Overdue Cover Statement of DCCB.

Period

One year

Rate of Interest

As per prevailing interest rates.

Sir Vithaldas Thackersey Memorial Building,9, Maharashtra Chamber of Commerce Lane, Fort, Mumbai - 400001.

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Refinance against Salary Earners Societies :