Uttar Banga Kshetriya Gramin Bank Personal Loan: Uttar Banga Kshetriya Gramin Bank is an Indian Gramin bank that was founded on March 7, 1977. Its headquarters are in Cooch Behar, West Bengal, at Sunity Road, Cooch Behar – 736 101. It has 149 locations around the state.
Savings accounts, fixed deposits, recurring deposits, loans, personal loans, netbanking, RTGS, NEFT, IMPS, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Suraksha Yo Pradhan Mantri Jeevan Jyoti Yojana, Bima Yojana Bima Yojana, among others.
Curious to check other banks’ offered Personal loan features, eligibility, interest rates, tax benefits, and a repayment plan. Go with our one-stop Personal Loan Page & swipe out your doubts within no time.
This article will help you know more about Gramin Bank Personal Loan Interest rate, Ubkgb Personal Loan Interest rate, and Ubkgb Personal Loan Calculator.
Uttar Banga Kshetriya Gramin Bank
- Features and benefits
- How to apply for the personal bank loan
- Eligibility required for application of loan
- Documents required
- Loan repayment scheme
- Why take out a personal loan from Uttarbanga Kshetriya Gramin Bank?
- Loan calculator
Features and Benefits of Uttar Banga Kshetriya Gramin Bank Personal Loan
- Maximum loan amount
- There are several debt repayment alternatives available.
- Applications for personal loans are processed quickly and easily.
- Loan approved in a timely manner
- The bank does not require a guarantor.
- Interest rates that are both attractive and competitive
- Employees of major corporations are eligible for special programmes and discounts.
- Obtaining a personal loan usually does not necessitate the provision of security.
How to Apply for the Personal Bank Loan
Personal Loan Interest Rates at Uttar Banga Kshetriya Gramin Bank, Personal Loan at – 14.50 percent This page was last updated on November 20, 2021. Personal Loans may be applied for online. From the list below, you can learn about the Uttar Banga Kshetriya Gramin Bank Personal Loan Purpose, Eligibility, Margin, Personal Loan Repayment, Security, and Documents Required for Personal Loan.
Apply Online: You may apply online on the Bank website by filling up your personal and job details and submitting the required papers. After you’ve checked your loan eligibility, you may apply.
Offline Application: You may go to any Bank branch with all the relevant papers, fill out the form, and start the loan approval procedure.
Eligibility Required to Apply for the Loan
To satisfy a variety of financial demands, such as a vacation abroad, home relocation, family marriage, credit card bill payment, current loan payback, medical emergency, and so on, without having to worry about retaining any collateral or property.
- Age range: 21 to 58 years old.
- Permanent personnel of the state and federal governments, public sector undertakings, corporations, private sector businesses, and reputable institutions.
- Regular revenue from a salaried or self-employed job.
- An application must meet specific eligibility requirements determined by which bank grants the applicant’s request. There are two types of candidates:
- Salaried
- Self-employed
- Both candidates must meet a variety of qualifying requirements.
- Salaried Applicant: Applicants must be between the ages of 21 and 60 to be considered.
- A borrower in a major city should have a minimum salary of Rs 18,000 per month. The minimum pay of a non-metropolitan town should be Rs 12,000 per month.
- The borrower must have three years of job experience and get their pay directly into their account.
- Strong credit history is required when applying for a personal loan.
- The self-employed applicant:
- A self-employed individual must be at least 25 years old.
- In order to qualify for a personal loan, applicants will need to submit ITRs for the last three years.
- An applicant’s credit score must be good, and there should be no outstanding debt.
- The minimum sum should be at least Rs 2.5 lakhs each year.
- If the applicant owns a business, it must have been operational for at least three years.
- Number of years in current position/business/profession: up to three years
Required Documents for Uttar Banga Kshetriya Gramin Bank Personal Loan
- Application for a personal loan that has been completely filled out and signed.
- Photographs
- Passports, voter ID cards, driver’s licence, PAN cards, Aadhar cards, and government department ID cards are all acceptable forms of identification.
- Proof of income – most recent pay stub with all deductions or Form 16 with most recent pay stub (for salaried individuals)
- Income Tax Returns from the prior two fiscal years as proof of income (for other than salaried individuals)
- Bank account statement, most recent power bill, most current mobile/telephone bill, most recent credit card statement Existing leasing arrangement for the house
- Bank statement or bank passbook with entries from the previous six months
Loan Repayment Scheme
Personal loans can be repaid in up to 60 instalments. It begins with 12 EMIs. Your credit score also determines the length of the repayment period.
To repay the loan, you can utilise any of the following options:
At your bank, set up a standing instruction.
With the help of the Internet Banking solutionECS (Electronic Clearing House) Automated Payment (Electronic Clearing Service)
If your bank offers a mobile banking application, you can use it.
Why take out a Personal Loan from Uttarbanga Kshetriya Gramin Bank?
- To begin with, the processing price is really modest, and there are no additional fees.
- In the second place, personal loan interest rates are pretty competitive.
- In addition, an applicant for a personal loan can learn about his or her abilities in less than a minute across all branches.
- In addition, the loan funds are disbursed within two days.
- Furthermore, the financing rates are reasonable and adaptable.
- In addition, the personal loan paperwork requirements are simple.
- Furthermore, women receive preferential interest rates.
Personal Loan EMI Calculator
In most cases, calculating the monthly EMI on a personal loan is a time-consuming and challenging process for most of us. To calculate the Purvanchal Bank Personal Loan EMI, you’ll need to know how much money you’ll have to borrow and what interest rate you’ll be charged. The loan tenure is converted to months before using the following procedure to calculate the personal loan EMI.
This formula can be used to figure out an EMI on a personal loan:
[P x R x (1+R)N]/[(1+R)N-1], EMI
The letter in this formula stands for:
EMI stands for equal monthly instalments.
R is the interest rate, and l denotes the loan amount.
The principal amount, or the amount borrowed as a loan, is denoted by P.
The loan payback period, or the number of monthly instalments you will pay, is denoted by the letter N.
Bad credit scores make it impossible for you to be able to get a personal loan.
The credit score is simply one of the few factors reviewed throughout the home loan approval process to determine whether the loan application will be approved or rejected. If other variables aren’t up to par, your house loan application may be denied, even if you have a decent credit score. You can receive a house loan with a low credit score, but the interest rate will almost certainly be higher. The approval of a house loan is also influenced by other criteria such as the borrower’s age, income, and so on.
Stop thinking about where to get money for your children’s education or your company’s development if you’re weary of it. A personal loan is available to assist you in meeting your obligations. It is an unsecured loan, meaning that the borrower does not have to commit any of his or her assets to the lender. Hurry up and apply for a Uttarbanga Kshetriya Gramin Bank Personal Loan before you fall asleep in your chair.