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:

info@fincobank.com

3044-47, Abhishek Market,

Ring Road, Surat-395002
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Interest on Deposits

Deposit Rate of Interest W.E.F. 14/01/2023

*New Schemes*
Finco Pankh 777 Days 8.31%
Finco Laxmi 444 Days 7.50%
Finco Dhan Vrudhi Above 2 Year to 3 Year 6.80%
Finco Astha Above 3 Year to 5 Year 7.11%
Finco Akshay Above 5 Years 7.61%
Finco Balvikas 1111 Days 7.50%
Recurring Deposit for student of school/college 8.00%
Above 1 Year to 2 Year(Identity Card compulsory)
Recurring Deposit for General(Above 1 year to 2 year) 7.50%
Duration of Rates Rate of Interest
15 Days to 45 Days 3.00%
46 Days to 90 Days 3.50%
91 Days to 180 Days 4.50%
181 Days to 12 Months 4.75%
Above 1 Year to 2 Year 6.00%
Senior Citizens will get 1% more. (Above 1 To 2 Year Deposit)

Eligibility

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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Interest Rates

Our Brochures

Annual Report
236kb
Bank Account
468kb

0261 2360433/34

Monday – Saturday: ex 2nd & 4th Sat

info@fincobank.com