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11:55:17:AM, Sunday,01-August-2021

The Gurdaspur Central Cooperative Bank Ltd.          First, Third and Fifth saturday of every month will be full working day i.e from 10 AM to 5 PM          IFS CODE: UTIB0SGDS01          Bank has become live on E-Commerce and PoS transactions.         
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    VEHICLE LOANS

    This festive season, get the vehicle loan at lowest EMI of just Rs 2138/- per lac.

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    DAIRY LOANS

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  • AGRICULTURAL LOANS

    AGRICULTURAL LOANS

    We offer term loans for buying cattle, purchase of equipment for irrigation and other agricultural r

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    HOME LOANS

    Avail the 15 year term loan facility with lowest EMI Rs 1090/- per lac and no hidden cost.

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Loans > Business Loan

Description

FAQs on Cash Credit Limit to Traders

1.  Who can apply for this loan?

Any individual who is running manufacturing or trading unit can apply for this loan.

2.  What would be minimum or maximum age for getting this loan?

Age should be 21 years minimum.

3.  How much loan I can get?

Maximum 25.00 Lacs loan can be financed for working capital requirements.

4.  Where can I utilize this loan amount?

The Limit can be given for meeting of working capital requirements and other Business needs.

5.  In how much time I can repay this loan?

This limit must renewed every year.

6.  Can I prepay this loan?

Yes, limit can be prepaid without any prepayment charges.

7.  What would be the Rate of Interest for this loan?

13.00 % p.a. or as contracted at the time of advancement on reducing balance.

8.  Will there be any Charges?

Yes, processing fee is charged on this loan.

a.       For the loans up to RS. 0.50 Lacs                                        =             200/- P.A.

b.      For the loans from RS. 0.50 Lacs to RS. 2.00 Lacs         =             0.50% of the sanction limit

c.       For the loans from RS. 0.50 Lacs to RS. 2.00 Lacs         =             0.40% of the sanction limit

d.      For the loans from RS. 0.50 Lacs to RS. 2.00 Lacs         =             0.25% of the sanction limit

9.  What would be the documents required for this loan?

Residential proof, Proof of income, Balance sheet for the last 3 years with projected Balance Sheet, Proof Of ownership of property which will be mortgaged to the bank, Legal opinion and Non Encumbrance of property, Valuation of that property (both Govt. and Market value), Registration Certificate with Sale Tax Dept. of firm (if  Registered),

10.   Will there be any Collateral Security Required?

Yes, collateral security is required i.e. mortgage of property in favour of Bank and 2 Guarantors are required to stand as Surety for repayment of this loan. 

Description

FAQs on Non-Farm Sector Loan

1.  Who can apply for this loan?

Any individual who is running manufacturing unit can apply for this loan.

2.  What would be minimum or maximum age for getting this loan?

Age should be 21 years minimum.

3.  How much loan I can get?

Maximum 25.00 Lacs loan can be financed for working capital requirements.

4.  Where can I utilize this loan amount?

The Limit can be given for meeting of working capital requirements and other Business needs.

5.  In how much time I can repay this loan?

This limit must renewed every year.

6.  Can I prepay this loan?

Yes, limit can be prepaid without any prepayment charges.

7.  What would be the Rate of Interest for this loan?

13.00 % p.a. or as contracted at the time of advancement on reducing balance.

8.  Will there be any Charges?

Yes, processing fee is charged on this loan.

a.       For the loans up to RS. 5.00 Lacs                                        =             0.50% of the sanction limit

b.      For the loans from RS. 5.00 Lacs to RS. 10.00 Lacs       =             0.40% of the sanction limit

c.       For the loans above RS. 10.00 Lacs                                    =             0.25% of the sanction limit

(Minimum RS.4000/- and maximum RS. 10000/--)

 

9.  What would be the documents required for this loan?

Residential proof, Proof of income, Registration Certificate with Sale Tax Dept. of firm (if  Registered),Balance Sheets of last three (3) Years, Quotations of Machines which have to be installed, Proof Of ownership of property which will be mortgaged to the bank, Legal opinion and Non Encumbrance of property, Valuation of that property (both Govt. and Market value),

10.  Will there be any Collateral Security Required?Yes, collateral security is required i.e. mortgage of property in favour of Bank and 2 Guarantors are required to stand as Surety for repayment of this loan. 

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