gurdaspur cooprative bank logo

12:27:03:AM, Friday,17-September-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.         

Personal loan for Professionals >

Area of Operation -  Loan shall be advanced in the area operation in the Gurdaspur district. 

Beneficiary

Individuals practicing as professionals such as doctors, advocate, chartered engineers, chartered accountants, company secretary, architects, I.T. professionals, interior designer, academicians running coaching centres.

Purpose

Credit facility for meeting out socio-economic needs.

Loan Limit

15 times of monthly gross salary or RS. 6.00 lakh, whichever is less.

Rate of Interest

13.75%

Prepayment Option

Borrower can make the part prepayment of the loan. No penalty will be charged.

Repayment Period

Maximum 7 years.

Collateral Security

The valuation of the collateral security shall be 150% to the loan amount. In addition to that one guarantor known to the bank will also be taken.

 

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