Uttar Bihar Gramin Bank’s General Credit Card (G.C.C) Loan

If you sometimes need a quick, small-ticket loan for everyday life—school fees, medical expenses, a scooter repair, seasonal household purchases—but don’t want the headache of pledging collateral, Uttar Bihar Gramin Bank’s General Credit Card (G.C.C) Loan is designed exactly for you. It’s simple, light on paperwork, and sized for real-world needs in rural and semi-urban areas.

What the G.C.C really is (in plain words)

Think of the G.C.C as a small, unsecured credit facility from UBGB that you can use for general purposes. There’s no collateral, no margin, no service charge, and the limit is linked to your actual income, so you don’t over-borrow. It’s a practical safety net when cash flow gets tight.

Who it’s meant for (and who it isn’t)

The bank keeps the door open, but with a few sensible guardrails to make sure the money goes to households that can repay comfortably.

You’re eligible if you:

• Are a permanent resident of UBGB’s service area (rural or semi-urban branches)
• Are 21 to 50 years old
• Have a deposit account with the branch for at least 6 months
• Have sufficient repayment capacity (steady income or cash flow)
• Have no history of loan default with any bank or financial institution
• Are the only applicant in your family (one member per family rule)

You’re not eligible if you:

• Already borrow under special schemes like SCC (Swarojgar Credit Card) or KCC (Kisan Credit Card)

These checks help keep the product targeted, sustainable, and quick to approve.

How much you can borrow (and why the cap helps)

• Loan limit: up to 25% of your Gross Annual Income (GAI), capped at ₹25,000
• Margin: Nil
• Service charge: Exempted (none)

The formula acts like a speed governor. If your household earns ₹2,40,000 a year, 25% is ₹60,000—but the G.C.C cap steps in at ₹25,000. That’s intentional: the G.C.C is built for short-cycle, everyday needs, not for large purchases that are better handled by other loan products.

What it costs (interest, explained simply)

• Interest rate: 11.50% per annum, applied monthly (rate subject to change as per bank policy)

Because the ticket size is small and there are no service charges, the total cost stays predictable. If you repay early, you cut your interest further—always a smart move.

What you can use it for

Almost anything legitimate and non-speculative that improves household well-being or income stability:

• Education fees, uniforms, books
• Medical expenses and emergencies
• Two-wheeler repairs, small appliances, mobile/TV replacement
• Seasonal household purchases (festivals, ceremonies)
• Working capital for a tiny side activity (e.g., a few weeks of inventory) if not covered under SCC/KCC

Because it’s general purpose, you don’t have to produce vendor bills for every rupee—use it where the need is most pressing.

What you don’t need (and that’s the point)

• No collateral/security to pledge
• No margin to bring from your pocket
• No service charge to pay upfront

You do need mandatory insurance (the branch will guide you on the applicable cover) and KYC—standard PAN/Form 60/61, photo ID, address proof, and photos.

A quick feel for numbers (illustration only)

Say you’re sanctioned ₹25,000 at ~11.50% p.a. If you choose a 12-month repayment:

• EMI will be around ₹2,200–₹2,250 per month
  Paying a little extra whenever you can (even ₹500) reduces your interest and frees the limit earlier for the next need.

How to apply (step-by-step so it’s fast)

1. Check your basics: Age 21–50, resident in service area, UBGB deposit account active for 6+ months, only member applying from your family, no prior defaults.
2. Visit your UBGB branch: Ask for the General Credit Card (G.C.C) Loan application.
3. Complete KYC: PAN/Form 60/61, photo ID, address proof, photographs.
4. Show income proof: Salary slip, pension order, vendor receipts, or other credible evidence the branch accepts as proof of Gross Annual Income.
5. Pick a repayment plan: Choose a tenure that fits your monthly cash flow. Shorter tenures reduce total interest; slightly longer tenures keep EMIs easy—your call.
6. Sign insurance documents: Mandatory insurance provides a safety net for your family.
7. Sanction & disbursal: On approval, the bank credits your account. Use the funds responsibly.

Neat, complete papers can mean very quick turnaround.

Smart borrowing habits (so the card actually saves you money)

• Borrow only what you need. A ₹20,000 loan repaid in 6–9 months costs less than ₹25,000 over a year.
• Repay early when possible. Even one extra EMI-equivalent mid-way can lop off weeks of interest.
• Keep a simple ledger. Date–amount–purpose–next due date. A pocket diary works; your banker will love the clarity.
• One family, one card. Coordinate within the household so the G.C.C is used for the highest-priority need, not split across small, low-impact spends.
• Don’t use it for big, long-term items. For a motorcycle purchase or a house renovation, ask the branch about the right product—you’ll get a better structure and tenure.

Frequently asked questions

Is collateral required?
No. The G.C.C is unsecured—that’s its biggest advantage.

Are there processing or service charges?
Service charges are exempt. Any other standard charges (if applicable) are disclosed by the branch up front.

What if my income changes?
Your limit is tied to GAI and capped at ₹25,000. If income rises meaningfully, discuss with the branch at renewal/review.

Can I apply if a family member already holds a G.C.C?
No. One member per family is eligible to keep credit disciplined and accessible to more households.

Why are SCC/KCC borrowers excluded?
Those schemes already provide dedicated credit for specific livelihoods. The G.C.C keeps a separate lane for households not covered by SCC/KCC.

Where is it available?
At rural and semi-urban UBGB branches within the bank’s service area.

Bottom line

UBGB’s General Credit Card (G.C.C) Loan is a clean, collateral-free way to manage life’s smaller but important expenses—up to 25% of your GAI, capped at ₹25,000, 11.50% p.a. indicative pricing, no margin, no service charge, and straight-forward KYC + insurance. Walk into your nearest UBGB branch with your account details and income proof—and walk out with a safety net that respects your budget and your time.