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Banking & Credit:: Repatriates Co-operative Finance and Development Bank Limited (REPCO)






REPCO BANK Ltd., was commenced in the year 1969 by Govt. of India with the main objective of rehabilitating repatriates from Burma and Srilanka. The Schemes are open to all on admission as members of the bank so as to enable the bank serve its main objective effectively. The bank is governed by the Ministry of Home Affairs, Govt. of India.


The area of operation of the bank covers the south Indian states viz., Tamil Nadu, Andhra Pradesh, Karnataka, Kerala, and the Union Territory of Pondicherry.

Development Loan

  • Loan for development of small trade, Business, Industry within the jurisdiction of Branch
  • Applicant should be Daily Deposit Contributor
  • Quantum of loan will be decided on the basis of Daily Deposit outstanding and requirement 
  • Collateral security for higher limits
  • Repayment can be made on daily basis

Hire Purchase Finance

  • For purchase of vehicle, machinery, equipment
  • Margin 15% to 25%
  • Period - maximum of 3 years
  • Flat or Diminishing rate of interest
  • Collateral security for higher limit.

For further details click here

Source: http://www.repcobank.com


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