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Updated by Gujarat Mercantile Bank Ltd on Nov 23, 2020
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Services

1

Gmc Bank Savings Account Facility

Gmc Bank Savings Account Facility

We offer 4% Interest on Savings Bank Deposit as per RBI’s Directive. The customer can open Savings A/c for his/her minor children.

Contact us: https://gmcbank.in/saving-account.php

2

World Hepatitis Day

World Hepatitis Day

On World Hepatitis Day, let us confront the disease with a brave heart and a strong mind. Don’t let Hepatitis define your life. Happy World Hepatitis Day.
visit: https://www.facebook.com/gmcbank/posts/188060086068000

3

The Advantages Of Recurring Deposit Facility!

The Advantages Of Recurring Deposit Facility!

A recurring deposit account is a type of deposit account offered by banks and financial institutions, that helps you build savings through regular monthly deposits of a fixed amount decided mutually by you and the bank

https://gujaratmercantilebankltd.wordpress.com/2020/08/07/the-advantages-of-recurring-deposit-facility/

4

World Heart Day

World Heart Day

The heart is the lifeline of the body, the body runs till it beats. Taking care of the heart is the key to strength. Nothing works better than a young heart. Have a healthy world heart day. Visit: https://www.facebook.com/gmcbank/photos/a.139621937578482/205647330975942/

5

An Overview Of Consumer Durable Loans

An Overview Of Consumer Durable Loans

The financial requirement is a never-ending need for the public today and that is the purpose behind banking operations. Banks and financial institutions play a great role in catering to different financial needs for everyone be it enterprises or even the public.

To fulfill monetary requirements banks and financial institutions have introduced a wide range of loan facilities, where the individual or the entity can avail a certain amount at once for which they have to make specific interest payments over a tenure. The different loans banks give are- personal loans, auto loans, housing loans, gold loans, and even the amazing consumer durable loan amongst others.

What is a Consumer Durable Loan?

A consumer durable loan is a loaning facility provided by banks and different financial institutions, taken for the purchase of different electronic appliances and domestic/ household appliances that have a handsome price. This is an unsecured type of loan and the loaners only check income reports and the CIBIL score before granting this loan.

Let’s have a look at the 5 benefits of this attractive and consumer-friendly loan!

Not all household needs are affordable and the general necessities change and upgrade with the up-gradation of lifestyle and passage of time, and not all of them are attainable. This is when the consumer durable loan can be of great help. Here are the positives of taking the loan-

Low interest

Consumer durable loans are available at lower interest rates than any other loan service. Though the rate may be different from all banks and financial institutions it will be more affordable and cost-effective than other credit facilities.

Flexible tenure

These loans have a considerable long tenure following the loaning amount. Generally, a consumer durable loan ranges from 6 months to two years. You can get your loan for the tenure by your repayment capability.

Minimum Documentation

A consumer durable loan is an unsecured type of loan and there is negligible documentation required for application of the loan. All you need is to do is fill in the form, your income tax return, and the latest tax bill and the loan will be processed.

No Collateral

When you apply for a consumer durable loan, there is nothing you put at stake. There is no requirement of collateral to be presented as security against the loan amount. Unlike house loans, home loans, and other different financial services.

Quick process

As we discussed in the earlier points there is very little documentation, no collateral, and negligible processing charge, no foreclosure too! So the entire process of approval and application is quicker than usual.

In the search for the most reliable consumer durable loan provider?

Gujarat Mercantile Co-operative Bank Ltd is a popular name for providing custom consumer durable loans at the best rates in town. We have a team of highly skilled and dependable banking professionals, getting you the most secure, efficient, and convenient financial services. We have special benefits for senior citizens, and also nomination facilities so that all the financial needs and requirements of our consumers are achieved.

6

Indian Air Force Day

Indian Air Force Day

Happy Indian Air Force Day 2020 to All the Air Warriors of the Nations, Thank You for Protecting the Skies Like a Guardian to Helping in Harsh Problems.

8

An Overview Of Consumer Durable Loan

An Overview Of Consumer Durable Loan

The financial requirement is a never-ending need for the public today and that is the purpose behind banking operations.
Visit: https://bit.ly/33GqnTN

9

Benefits Of A Personal Loan

Benefits Of A Personal Loan

A personal loan is a loaning facility provided by different financial institutions and banks to various consumers individually for multiple purposes to meet their financial requirements. This is an unsecured credit facility offered by the bank on the basis of different factors such as- employment history if any, repayment capacity, income level, profession, and credit history. It is generally used to meet immediate and nominal financial requirements.

In this type of loan, the amount of loan and the interest are determined from your monthly income, liabilities, and the profits you earn, and the lender’s assessment of the application. If you can pay off the loan before the tenure completion then you are required to pay a certain penalty on the outstanding amount, which then becomes the bank’s earning, compensation for the personal loan tenure till maturity.

Now we know what is personal loan! Let’s take a look at the different benefits it has for us!

Like how every financial instrument has something advantageous and unique for the customer, even personal loans have a wide range of traits we can benefit from.

Here are the different boons that banks get us through this personal loan facility-

Versatility – Unlike loans like an auto loan, home loan, this type of loan can be extensively used to repay and meet varied types of financial debts and needs, small or huge. A personal loan has no fixed scope, the borrowings can be used where ever you want to use them.

No stakes – For most loaning facilities, you are supposed to submit an asset or a valuable possession such as home documents, etc as collateral, but this is not the case with a personal loan, you do not need to have collateral while applying for this loan. The loaner should be convinced that you shall pay the amount back.

Availability – Not all banks and financial institutions provide all loaning facilities and the newly evolved loaning instruments. But all traditional and new banks and financial institutions provide personal loans, they are one of the most primitive financial instruments in the banking domain.

Credit rate negligence – Do not worry if you have a bad credit rate or score, you shall avail a personal loan from your banking partner, but it might have a higher interest rate than normal. The other factors must be convincing enough to the loaner.

Fixed payment – There are no fluctuations in the amount that you shall be liable to pay each month, in case of a personal loan. The payment against this type of loan remains fixed right from the time of the loan application to maturity or until you pay it off.

Quick approval – The procedure of personal loan is reasonably briefer than the other types of loans. As soon as the loan is approved by the bank or the financial institution the money is credited into your bank account within a few days.

Flexibility – Financial institutions and banks offer personal loans as per your requirements and fitting to your economic standing. In this type of loan, you decide the amount you want basing on your credit score, the renewal, and even the maturity time and tenure!

Documentation – Unlike other loans such as gold loan and machinery loan, this type of loan involves minimum documentation for loan approval as there is no involvement and requirement of collateral as discussed earlier.

Thinking of applying for the best personal loan facilitator?

Gujarat Mercantile Co-operative Bank has become one of the most preferred banking partners in the economy, providing highly reliable, efficient, and convenient banking services, not just to individuals but also to entrepreneurs and businesses. We have special benefits for senior citizens, and also nomination facilities so that all the financial needs and requirements of our consumers are fulfilled and we achieve the goal of customer satisfaction.

10

All You Need To Know About Home Loans

All You Need To Know About Home Loans

Everyone dreams of having a home of their own, in today’s time due to the high inflation rate and the ever-increasing property rates and land revenues, the price of having your own home becomes eventually greater, and as time passes prices of land will reach the skies. If you want to get yourself a home, banks and financial institutions get you the aptest financial instrument to fulfill this dream, Home loan!

What is a home loan?

A home loan is also known as the housing loan, a banking service offered to all by the different banks and financial institutions, wherein the customer borrows a certain amount or full amount of the house price the institution or the bank to purchase the home and in return imburses the amount in different payments as interests on the different decided terms and conditions.

Now let’s take a closer look at the benefits of home loans!

Less Taxation

A home loan is considered as the biggest tax-saving instrument, reducing the liability of the customer to a great rate of about 5 lakhs on the house you purchase, under the Income Tax Act Sections 80, 24, etc, passed and issued by the government.

Great Liquidity

When you purchase a house on loan you are required to pay only a certain amount instead of a lump sum, that too within a tenure set mutually by you and the bank, so that you have good liquidity of funds to fulfill other needs.

Capital Appraisal

When you buy a home, as and when time passes, the rate of the land/house will get appreciated and get you higher monetary benefits in the future, than the rate you had to put in while the purchase.

Convenient tenure

Home loans are generally taken for hefty amounts or sometimes for the full amount, so the tenure allowed for these types of loans is much longer, giving you enough repayment time to clear off the loan before it becomes a debt.

Are you in search of the best housing loan provider in town?

Apply for GMC bank housing loan today, and fulfill your wish of having your dream home. Gujarat Mercantile Bank has become a well-established name in providing the best in class deposit and loaning facilities, at no processing rates, a quick approval procedure, and an attractive housing loan interest rate of 2.50%.

11

An Overview Of Consumer Durable Loans

An Overview Of Consumer Durable Loans

Gujarat Mercantile Co-operative Bank Ltd is a popular name for providing custom consumer durable loans at the best rates in town. Visit: https://gmcbank.in/consumer-durable-loan.php

12

Eid-E-Milad-Un-Nabi

Eid-E-Milad-Un-Nabi

Eid-E-Milad-Un-Nabi is the twelfth day of Rabee-Ul- Awwal, the day when the prophet Mohammed was born. May God fulfill all your wishes and fill your life with all the cheer, health, and glory. Eid-E-Milad Un-Nabi Mubarak!

Visit: https://www.facebook.com/gmcbank/posts/212786620262013

13

How Is Current Account Suitable For Your Enterprise?

How Is Current Account Suitable For Your Enterprise?

Finance, as we all know, is key to run a business. It is often considered as the bloodline of different business operations, provided you spend and invest wisely, also saving some surplus funds for unforeseen risks, that might hamper the business.

The availability of funds to make the business sustain is one concern that every business has to tackle at any stage or else the business fails. In such cases, the entrepreneur must fall back on investors, banks, and other financial institutions, to continue earning a livelihood.

Here are a few financial options that an entrepreneur can utilize for finance!

In today’s time, there has been an increase in the number of businesses and startups due to the different opportunities, technologies and most important the passage of time, and banks and other financial institutions and even individuals openly go into help businesses prosper with alternatives like-

Current Account

Business Loan

Angel Investors

Venture Capital

Government Grants & Subsidies

The aptest financial instrument that a businessman must deal with is the current account, here’s why?

A current account is a zero balance account, favorable for carrying out regular transactions that can be beneficial for the smooth flow of business operations. It enables entrepreneurs to carry out recurring expenses such as salaries, etc, so that payments are done on time even if other irregular payments remain unfulfilled.

Having a separate current account in the name of the business marks professionalism and show the creditworthiness of your enterprise. Most importantly it shows the financial standing of your business along with the fund flow of the business and not to forget whether the business is facing profits/losses.

Now let’s look into how beneficial is a current account?!

Multiple Transactions

When you open a current account you can carry out any amount of financial functions as it has the capability of handling large volumes of receipts and payments, involved in your business, and that too, very systematically.

Limitless Withdrawals

The current account is the financial option that allows an unlimited amount of withdrawals, that lie per the levied transaction fees, for the smooth flow of the business. So, it is highly for businesses with multiple or huge regular transactions.

Overdraft Facility

The overdraft is a facility that enables an entrepreneur to overdraw desired balance so, that he can meet financial shortfalls that might affect a business otherwise, but for a temporary basis, until the date the bank or financial institution provides.

Extra Earning

This attracts the entrepreneur a great deal towards opening a current account. When a current account is active, you earn a little extra as the interest on the idle funds in the account, which can help him evade losses and pay other nominal business expenses.

Complimentary Services

When you open a current account, you can harness the perks of digital financial services of the new-age such as mobile banking, internet banking, Net transfer, etc that enable the businessman to carry out transactions effortlessly and securely.

Additional Benefits

Being a business, when you have an active current account in the name of your enterprise you get additional advantages such as- free inward remittances, deposit, and withdrawals at any location, multi-location transfer, etc.

Searching for the most reliable banking partner in Ahmedabad?

Gujarat Mercantile Co-operative Bank is a well-reputed name in the banking sector of the state. We guarantee high security, accessibility, and convenience with all our banking services. We aim to dedicate our energy towards the allocation of the rural and urban segments in the most transparent manner and providing them with modern technology-driven financial services. Open your GMC bank current account today!

14

Sardar Vallabhbhai Jayanti

Sardar Vallabhbhai Jayanti

Unity is strength. March with mankind on Sardar Vallabh Bhai's birthday also known as the world Unity day today. Remember we are a nation with unity in diversity. Have a Happy Sardar Vallabhbhai Jayanti
Visit: https://www.facebook.com/gmcbank/posts/213540816853260

15

Halloween

Halloween

May all of you have a spook-titular Halloween! May you have the most candy coming your way and all the appreciation for your horrific attire. Also, enjoy the scrumptious Halloween feast with kith and kin. Visit: https://www.facebook.com/gmcbank/posts/213596173514391

16

Benefits Of A Personal Loan

Benefits Of A Personal Loan

Gujarat Mercantile Co-operative Bank has become one of the most preferred banking partners in the economy, providing highly reliable, efficient, and convenient banking services, not just to individuals but also to entrepreneurs and businesses. Visit: https://gujaratmercantilebankltd.wordpress.com/2020/09/12/benefits-of-a-personal-loan/

The Advantages Of Savings Account Facility!

Gujarat Mercantile Co-operative Bank is an established name in the banking sector of the economy. We guarantee high security, accessibility, and convenience with all our banking services.

18

How Is Current Account Suitable For Your Enterprise?

How Is Current Account Suitable For Your Enterprise?

Finance, as we all know, is key to run a business. It is often considered as the bloodline of different business operations, provided you spend and invest wisely, also saving some surplus funds for unforeseen risks, that might hamper the business.

The availability of funds to make the business sustainable is one concern that every business has to tackle at any stage or else the business fails. In such cases, the entrepreneur must fall back on investors, banks, and other financial institutions, to continue earning a livelihood.

*Here are a few financial options that an entrepreneur can utilize for finance!
*

In today’s time, there has been an increase in the number of businesses and startups due to the different opportunities, technologies and most important the passage of time, and banks and other financial institutions and even individuals openly go into help businesses prosper with alternatives like-

Current Account

Business Loan

Angel Investors

Venture Capital

Government Grants & Subsidies

The aptest financial instrument that a businessman must deal with is the current account, here’s why?

A current account is a zero balance account, favorable for carrying out regular transactions that can be beneficial for the smooth flow of business operations. It enables entrepreneurs to carry out recurring expenses such as salaries, etc, so that payments are done on time even if other irregular payments remain unfulfilled.

Having a separate current account in the name of the business marks professionalism and show the creditworthiness of your enterprise. Most importantly it shows the financial standing of your business along with the fund flow of the business and not to forget whether the business is facing profits/losses.

Now let’s look into how beneficial is a current account?!

Multiple Transactions

When you open a current account you can carry out any amount of financial functions as it has the capability of handling large volumes of receipts and payments, involved in your business, and that too, very systematically.

Limitless Withdrawals

The current account is the financial option that allows an unlimited amount of withdrawals, that lie per the levied transaction fees, for the smooth flow of the business. So, it is highly for businesses with multiple or huge regular transactions.

Overdraft Facility

The overdraft is a facility that enables an entrepreneur to overdraw the desired balance so, that he can meet financial shortfalls that might affect a business otherwise, but for a temporary basis, until the date the bank or financial institution provides.

Extra Earning

This attracts the entrepreneur a great deal towards opening a current account. When a current account is active, you earn a little extra as the interest on the idle funds in the account, which can help him evade losses and pay other nominal business expenses.

Complimentary Services

When you open a current account, you can harness the perks of digital financial services of the new-age such as mobile banking, internet banking, Net transfer, etc that enable the businessman to carry out transactions effortlessly and securely.

Additional Benefits

Being a business, when you have an active current account in the name of your enterprise you get additional advantages such as- free inward remittances, deposit, and withdrawals at any location, multi-location transfer, etc.

Searching for the most reliable banking partner in Ahmedabad?

Gujarat Mercantile Co-operative Bank is a well-reputed name in the banking sector of the state. We guarantee high security, accessibility, and convenience with all our banking services. We aim to dedicate our energy towards the allocation of the rural and urban segments in the most transparent manner and providing them with modern technology-driven financial services. Open your GMC bank current account today!

19

All You Need To Know About Home Loans

All You Need To Know About Home Loans

Apply for GMC bank housing loan today, and fulfill your wish of having your dream home. Gujarat Mercantile Bank has become a well-established name in providing the best in class deposit and loaning facilities

Visit: https://gujaratmercantilebankltd.wordpress.com/2020/09/01/all-you-need-to-know-about-home-loans/

20

How Is Current Account Suitable For Your Enterprise?

How Is Current Account Suitable For Your Enterprise?

Gujarat Mercantile Co-operative Bank is a well-reputed name in the banking sector of the state.

Visit: https://gujaratmercantilebankltd.wordpress.com/2020/08/21/how-is-current-account-suitable-for-your-enterprise/