WBGB personal loan

"To Meet all types personal needs( e.g. for medical treatment, of self or a family member,marriage of self ,son/daughter,Education expenses for wards.Domestic or foreign travels etc."

• Salaried Confirmed / Permanent Employees - Drawing salary through accounts maintained with our Branches.
• SSK / MSK / Para-Teachers, ASHA / ANGANWARI Workers - whose consolidated pays are disbursed through our branches.
• Salaried Persons - Not Drawing Salary through our Branches with Gross Annual Income above Rs. 5.00 lakh reported in preceding 2 Assessment Years.
• Professional / Self-Employed Individuals / Business Persons - Maintaining Savings / Current Account satisfactorily with us for the last 2 years and with Gross Annual Income above Rs. 5.00 lakh reported in preceding 2 Assessment Years.

• Confirmed / Permanent Employees (Drawing salary through accounts maintained with our Branches):
  Up to 30 times of Gross Monthly Salary with a maximum of Rs. 30.00 Lakh depending upon the repaying capacity.
• SSK / MSK / PARA Teachers, ASHA / ANGANWARI Workers (whose consolidated pays are disbursed through our branches):
  Up to 18 times of Gross Monthly Salary with a maximum of Rs. 3.00 Lakh depending upon the repaying capacity.
• Salaried Persons (Not Drawing Salary Through our Branches):
  Up to 15 times of Gross Monthly Salary with a maximum of Rs. 10.00 Lakh depending upon the repaying capacity.
• Professional / Self-Employed Individuals / Business Persons (Maintaining Savings / Current Account satisfactorily with us for the last 2 years):
  Up to 12 times of Gross Monthly Income with a maximum of Rs. 5.00 Lakh depending upon the repaying capacity.

NIL

"Time to time Bank changes Rate of Interest ( ROI) for ROI please check the latest rate as given in the Website in loan ROI section"

• Primary: NIL
• Collateral:
  • Salaried confirmed / permanent employees (Drawing salary through accounts maintained with our Branches) and salary credited in account is more than Rs. 30,000/- per month in last three months – WAIVED
  • Professional / Self-Employed Individuals / Business-Persons: Loan amount shall be secured by surrender value of LIP or NSC / KVP etc. or bank's term deposits of adequate face value after applying 15% margin or mortgage of immovable property of adequate value after applying 50% margin.
  • All Others: Suitable Third Party Guarantee acceptable to the Bank.

1% of loan amount + GST

• "Up to Rs2 lakh: Rs 270+GST Above Rs 2 lakh : Rs 450+GST"

• Confirmed / Permanent Employees (Drawing salary through accounts maintained with our Branches); SSK / MSK / Para-Teachers, ASHA / ANGANWARI Workers (whose consolidated pays are disbursed through our branches); Salaried Persons (Not Drawing Salary Through our Branches) – shall be repaid within remaining period of service subject to maximum 84 EMIs.
• For all others: Maximum 60 (Sixty) equated monthly instalments (EMIs) or up to 65 years of age, whichever is earlier.

• Penal Charge may be levied for trigger events like:
  • (a) Default in repayment of loan
  • (b) Non-Compliance of Terms & Conditions of sanction etc.
• On the Amount of Default/Irregularity @ 2.00% p.a. plus applicable GST; On the Amount Outstanding @ 2.00% p.a. plus applicable GST and in case of more than one trigger event @ 4% p.a., i.e., 2% on the amount of default/irregularity and 2% on the outstanding amount.

• Floating Rate: No pre-payment charges
• Fixed Rate: 2.00% of loan amount (In case of term loans, loan amount shall be Outstanding Amount) plus applicable GST irrespective of the constitution, purpose, loan amount, or facility type