WBGB UTSAV LOAN

WBGB UTSAV LOAN scheme is formulated to meet the financial obligations during festive season by providing quick approval, minimum paper works and attractive rate of interest

WBGB Utsav Loan shall be sanctioned only once in a calendar year, and exclusively for the purpose of celebrating a festival such as Durga Puja, Dussehra, Diwali, Eid, Holi, Christmas, Onam, Pongal, Bihu, Ganesh Chaturthi, or any other religious or social occasion for which the Government of India, the Government of West Bengal or any other State Government officially recognizes and declares a public holiday.

• Salaried Permanent/Confirmed Employees drawing salary through accounts maintained with our branches.
• Salaried individuals who are permanent/confirmed employees of the Central Government, State Government, or Public Sector Undertakings (PSUs), not drawing their salary through our branches, with a minimum gross monthly salary of ₹50,000 and a minimum of 3 years of continuous service.

Amount as per repayment capacity of borrower based on Maximum Permissible Deduction OR Rs. 1.00 Lakh whichever is Lower subject to repayment capacity of the borrower.

NIL

• "The loan shall be repaid in Twelve (12) Equated Monthly Instalments (EMIs), commencing from the month immediately succeeding the month of disbursement. Subject to maximum permissible deduction
• Gross Monthly Salary/Income upto Rs 75000 : 65%
• Above Rs 75000 : 70% "

• As per Bank's pricing policy.
• At present Repo + 5.50 = 10.75%

• Processing Charge: 1.18% of Loan amount
• Documentation Charge: NIL"