Welcome to The Financial Co-op. Bank Ltd.          

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Call Us: 0261 2360433/34

(Mon – Sat, ex 2nd & 4th Sat)

E-mail Us:


3044-47, Abhishek Market,

Ring Road, Surat-395002

Current Account

Initial Amount To Open Current Account

  • Current Account initially open Rs.3000/-


  • Every month statement of account free
  • Any Branch Banking
  • ATM facility
  • UPI facility
  • Mobile Banking
  • Internet Banking
  • RTGS/ NEFT Facility
  • Cheque Pickup Facility
  • SMS Alerts
  • E-Statement facility
  • Cheque Book Facility
  • Standing Instructions
  • Temporary Overdraft

General Rules :

  • Bank reserves the right to close any account, if cheque drawn are returned unpaid frequently for want of funds or the account is considered as irregular / non-satisfactory


1Take Home

  • Where the Combined GTI of applicant, co-applicant(s)  = 70%
  • Is less than Maximum Income Not chargeable to tax   = 50%
  • Is more than MINCT (Minimum Cut) but less than Rs. 8Lacs = 40%
  • Others = 30%
  • 70% of GTI + Depreciation + Exempt Income Cross- 5 To 8 lakhs 60% & Above 8 Lakhs towards monthly EMI = 70%

2. Repayment Capacity (Total Annual Income –Total Approx Annual Exp. –

      Total Annual Loan Liabilities (EMI*12) = Total Approx Annual Savings.

      (Approx finance up to 50 to 60 % on Total Approx Annual Savings)

3. Purchase of Residential Property, 80% loan amount of sale deed, satakhat, Construction cost will consider. Additional/ supplementary Finance Rs. 5 lacs  to the owner of house/ flat only for repairs ,additions, alterations etc…. irrespective of whether the house/flat is owner occupied or tenement occupied offer obtaining such security as the banks may deem appropriate. BOD /loan committee have reserve right to consider loan amount.  

4.Maximum Loan Amount & Margin: Individual housing loans up to a maximum of Rs.60 lacs per beneficiary of Dwelling unit. Subject to prudential exposure limits of RBI from time to time.

Period of Loans:

  • Housing loan may be repayable within a maximum period of 20 yrs. Including Moratorium  of repayment holiday.
  •  Processing Fees : –  Processing Fees 0.50 % on Sanction Amount  + GST on PF
  •  Moretorium: Home Loan for construction maximum 18 month and as per guideline of RBI from time to time.
  • Till completion of consturction, or 18 months from the date of disbursement of first installment of the loan which ever is earlier.
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+91 261 2360433/34

Monday – Saturday: ex 2nd & 4th Sat