Welcome to our Mogaveera Bank

Easy loans

Employees of reputed PSU’s, Limited companies, Central / State Govt., Professionals, Teachers drawing gross salary of Rs.10,000/- & net monthly salary of not less than Rs.5,000/- can take the advantage of easy loans for purchase of new consumer items, gold jewellery, repayment of old debts, repair/renovation of house or any other consumption purpose.
Rate of Interest : 16 % p.a.
Tenure : Maximum 60 Months repayable in EMI’s
Security

  • Hypothecation of assets created out of proposed loan/Owned Assets.
  • Branch to carry- out the inspection of hypothecated goods
  • LIC Policy if available

Processing Fees
1% of Loan + Service Tax.