Uttarakhand Gramin Bank Personal Loan @ 11.25% | Benefits, Features, How To Apply? and Verification Procedure

Uttarakhand Gramin Bank Personal Loan: Uttarakhand Gramin Bank is an Indian Gramin bank that was founded on November 1, 2012. Its headquarters are located in Dehradun, at 18 New Road, Dehradun, Uttarakhand, INDIA. It has 288 locations around the state.

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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 find Uttarakhand Gramin Bank Personal Loan Interest rate, Uttarakhand Gramin Bank Home Loan subsidy, Gramin bank Loan rate.

Uttarakhand Gramin Bank

Uttarakhand Gramin Bank Overview

Uttarakhand Gramin Bank is a rural bank in Uttarakhand, India. It is financed by the State Bank of India, founded under the RRB Act 1976 on November 1, 2012, following the unification of two previous RRBs in Uttarakhand, namely Uttaranchal Nainital Almora Kshetriya Gramin Bank. It is held by the Government of India’s Ministry of Finance. The bank’s headquarters are in Dehradun, and it now has 286 branches, 11 satellite departments, two additional counters, and six local offices throughout Uttarakhand’s 13 districts.

How to Apply for a Personal Loan in the Uttarakhand Gramin Bank?

  • To apply for a Personal Loan online, you need to either visit their website or download their app on mobile. To follow the under mentioned steps:
  • Choose the personal loan option on the menu.
  • Complete the form with your information.
  • They will then reach you through a call for providing more assistance.
  • Thereby, you will be able to get the personal loan deal in no time by completing all the procedures.

Uttarakhand Gramin Bank Personal Loan Eligibility Criteria

  • The person is required to be a citizen of India.
  • Age needs to be above 18 years.
  • Should have experience of one year service in State/Central Government or public sector undertakings and should have a tenure of more than two years in service.
  • Should be a possessor of an existing account in this bank and should have availability of the check-off facility.
  • After all the reductions the net monthly income needs to be a minimum of Rs.3000

Uttarakhand Gramin Bank Personal Loan Documents Required

  • Borrower’s bank account statement of the previous six months.
  • Evidence of identity- Copy of either of the following documents: Voter ID, Driving license, Passport, etc.
  • As proof of address, one needs to submit a copy of either of the following- Ration card, Voter Id, Telephone bill, Pan card, etc.
  • The latest income slip with form 16 should be provided for earnings proof.
  • Note from employer
  • Borrower’s 2 Passport size photos
  • Form 16 or I.T returns of the previous two years.

Uttarakhand Gramin Bank Personal Loan Features

  • The repayment tenure is 3-7 years
  • The term loan and overdraft facilities both are provided.
  • Reductions should not exceed sixty percent of Gross monthly earnings.

Types of Personal Loan Offered by the Uttarakhand Gramin Bank

Home Improvement Loan

People who want to renovate their homes can acquire a home redesign credit from Uttarakhand Gramin Bank. This personal credit can be used to fund critical repairs or assist the candidate in purchasing new fixtures, installations, and furnishings for their property. The following are some key features of the Uttarakhand Gramin Bank Home Renovation Loan:

  • The Home Renovation Loan from Uttarakhand Gramin Bank has a low-interest rate of 11.25 percent.
  • People may be eligible for a cash advance of up to Rs. 20 lakh to refurbish their homes.
  • Uttarakhand has provided funding for home renovations. Gramin Bank demands minimal documents, making the entire advance process simple. Once the bank approves your application, the advance amount is usually credited to your account within 72 hours.

Loan for the Holidays

The Holiday Loan from Uttarakhand Gramin Bank will help you plan your dream vacation with ease. This personal loan from Uttarakhand Gramin Bank may be used to cover various excursion-related expenses, such as airplane tickets, hotels, guided tours, and so on. These are some of the highlights of Uttrakhand Gramin Bank’s Holiday Loan:

  • Holiday Loans have a starting interest rate of 11.25 percent per annum.
  • You may easily make a profit of up to Rs 20 lakh, ensuring that financial constraints do not ruin your ideal vacation.
  • Financing your vacation will be quick and straightforward, thanks to streamlined and minimal documentation.

Funding that is more recent Uttarakhand Gramin Bank’s Fresher Funding is exceptional since a large portion of unstable individual credits is focused on persons with a regular salary. This lending option from Uttarakhand Gramin Bank is designed to assist freshers, such as recent graduates seeking their first job. The following are some key features of the Uttarakhand Gramin Bank Fresher Funding individual credit:

  • Amount of credit: Rs 1.5 lakh
  • At least 21 years of age is required.
  • The interest rate in Fresher Funding is determined by the advanced candidate’s profile, financial record/score, age, and location.

Personal Loan for NRIs Understanding the needs and aspirations of NRIs, Uttarakhand Gramin Bank provides a unique advance designed just for them. The advanced primary applicant must be an Indian citizen, and the co-candidate NRI must be a close relative. The following features are included in the Individual Loan for NRIs:

  • With flexible end-use options, individual advances up to Rs. 10 lakh are available from Uttarakhand Gramin Bank to NRIs.
  • The interest rate on an NRI Personal Loan starts at 15.49 percent per annum.
  • The credit can be used for up to three years of residency.

Takeaways from the Article

Hope this article will make it simple for you to apply for a personal loan by understanding the documentation and other norms properly. This article has information on the procedures to apply for personal loans, some of the significant elements to know and understand when applying for a personal loan.

Hence, one must anyway read carefully the conditions and the terms a particular bank put out before applying for a personal loan.

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