Loans
 
The following loan schemes are offered by our Bank,

Business Loans
Term  loans given for business purposes against  security  of land, building, hypothecation of stock-in-trade etc.

Jewel Loans
Loans  given  against  security  of  ornaments  for   various     purposes against the security of gold ornaments.

 
Vehicle Loans
For  the  purchase  of new as well as old  vehicles  against hypothecation of vehicle to be purchased.

Mortgage Loans
This  is  a  loan given for the purpose  of  construction  of     building  against  security of the land and  building.
 
Machinery Loans
This loan is given for purchase machinery etc., for workshop or to set up an industry etc.
Boat Loans
To  purchase new or old boat against security of boat  to  be purchased.
 
Personal Loans
This is a clean loan given to employees, small businessmen in   order  to fulfill their commitments against security  of  two  respectable sureties.
Loans against Govt. Security
This loan is given against securities such as NSCs, surrender of value of LIC policies etc., - 75% of its value is given as loan.
 
Consumer Durable Loans
To  purchase  consumer durable items like  TV, refrigerators,  washing    machines,   mixers,   grinders    etc.,    against hypothecation of items purchased.

BUCB Car Loan Scheme
This  loan  scheme  is  available  for  purchase  Brand   new   wheelers.   Salaried employees, professionals, self  employed  persons and businessmen can utilise this scheme which carries  lesser rate of interest.
 
Loans against Term Deposits
This  loan  is given against value of term deposit  upto  the  extent of 75%.
Educations Loans
The  loan  is  for  the  purpose  of  completion  of higher professional courses.
 
BUCB Apna Ghar Scheme (Housing Loan)
This is a loan scheme introduced recently with low  interest. A  scheme tailor-made for salaried employees,  professionals, self-employed and businessmen for construction of residential building which carries lesser rate of interest.  The  maximum loan  amount  permissible under this scheme is  Rs.10  lakhs.  Repayment period allowed is from 5 to 10 years.
Cash Credit Loans
Running cash credit a/c renewable every year of  satisfactory     operation mainly given to businessmen for financing stock-in-trade  against  hypothecation of stock of  goods.   In  other  words the finance is given for working capital requirement.



 
Loans to salary earners
Loans to salary earners are given to those, whose salary is credited to their A/c in our Bank.

Requirements

1. Photograph
2. No Due Letter from Local Banks.
3. Two creditworthy sureties.
4. Should not be a defaulter in other loans.
5. Salary certificate.
6. Letter of undertaking from the employees.
7. Quotations
Money Transfer from abroad is now made EASY Read More..
 
The Bhatkal Urban Co-op. Bank Ltd., Bhatkal has opened its 8th Branch at Nawayath Colony, Bhatkal on 27th of May 2011. Read More..
 
Our NRE customers can directly remitt their funds to their accounts at all branches of our Bank by Direct Remittance or by SWIFT remittance. (for details reffer NRI Services section) Read More..
 
Rate of interest @ 10.50% and 10.75% p.a Read More..
 
Customers can easily remit funds to Foreign Countries Read More..
 
e-Stamping Facility introduced in our Main Branch, Bhatkal Read More..
 
RTGS/NEFT Facility introduced to our Customers Read More..