Are you in need of financial assistance for various purposes without the hassle of providing security? Uttar Bihar Gramin Bank introduces the General Credit Card (G.C.C) Loan, designed to cater to your general financial needs. Let’s dive into the details.
Table of Contents
Loan Purpose/Objective
The General Credit Card (G.C.C) Loan is your solution for obtaining loans for a wide range of general purposes, all without the need for collateral.
Eligibility
- To be eligible for this loan, you should meet the following criteria:
- You should be a permanent resident of the bank’s service area.
- Your age should be within 21 to 50 years.
- You must hold a deposit account in our branch for at least 6 months.
- Only one member per family is eligible.
- You should not have a history of defaulting on loans from any bank or financial institution.
- Borrowers of SCC, KCC, etc., are not eligible.
- You should have sufficient repayment capacity.
Service Area
This loan is applicable for rural and semi-urban branches of the bank.
Loan Type
You can access up to 25% of your Gross Annual Income, with a maximum limit of Rs. 25,000.
Margin
No margin requirement is applicable.
Service Charge
Service charges are exempted, making it even more convenient for you.
Interest Rate
The interest rate is set at 11.50% (subject to change) and is applied on a monthly basis.
Insurance
Mandatory insurance is required for added security.
KYC
Completion of Know Your Customer (KYC) requirements is mandatory.
With Uttar Bihar Gramin Bank’s General Credit Card (G.C.C) Loan, you have a versatile financial solution for your various needs. Our casual and customer-friendly approach ensures that you can discuss your unique requirements with us, and we’ll tailor a solution that best fits your needs.
Don’t let financial constraints hold you back from achieving your goals. Reach out to Uttar Bihar Gramin Bank today to access the financial support you need for a better tomorrow.