{"id":14348,"date":"2021-01-28T11:27:44","date_gmt":"2021-01-28T11:27:44","guid":{"rendered":"https:\/\/gubank.co.in\/new\/?page_id=14348"},"modified":"2024-10-09T08:30:33","modified_gmt":"2024-10-09T08:30:33","slug":"loans-advances","status":"publish","type":"page","link":"https:\/\/tgucbl.bank.in\/\/loans-advances\/","title":{"rendered":"Loans & Advances"},"content":{"rendered":"

[vc_row][vc_column][vc_empty_space height=”15px”][vc_row_inner disable_element=”yes”][vc_column_inner width=”1\/3″][vc_single_image image=”14349″ img_size=”full” alignment=”center” style=”vc_box_shadow_border” onclick=”link_image”][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_toggle title=”Vehicle Loan” style=”square_outline” size=”sm”]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Subject<\/td>\nParticulars<\/td>\n<\/tr>\n
Purpose<\/td>\n(i)For Purchase of\u00a0 two wheeler, three wheeler, four wheeler and for Commercial vehicles<\/td>\n<\/tr>\n
Eligibility<\/td>\n(i)Vehicle loan for salaried employees, Businessmen, professional self employed,
\n(II) Commercial Vehicle for business purpose.<\/td>\n<\/tr>\n
Loan Amount<\/td>\n70 % of Quotation of vehicles<\/td>\n<\/tr>\n
Margin<\/td>\n30% of quotation of vehicles<\/td>\n<\/tr>\n
<\/td>\nFor old vehicle old up to three years<\/td>\n<\/tr>\n
Loan Amount<\/td>\n50 % of vehicle valuation amount<\/td>\n<\/tr>\n
Repayment Period<\/td>\n\u2022 For Two Wheeler, Three Wheeler \u2013 Maximum 36 months
\n\u2022 For Four Wheeler \u2013 Maximum 60 months.<\/td>\n<\/tr>\n
Rate of Interest<\/td>\n15.00 % \u00a0P.A
\nP.A Interest at monthly rest ( Subject to change at the discretion of Bank )<\/td>\n<\/tr>\n
Processing fee<\/td>\nNIL<\/td>\n<\/tr>\n
Share linking<\/td>\n\u00a02.5% of the amount sanctioned<\/td>\n<\/tr>\n
Guarantee<\/td>\nTwo guarantor Possessing property and also Income tax-payer<\/td>\n<\/tr>\n
Security<\/td>\nHypothecation of Vehicles<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_toggle][vc_toggle title=”Machinery Loan” style=”square_outline” size=”sm”]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Subject<\/strong><\/td>\nParticulars<\/strong><\/td>\n<\/tr>\n
Purpose<\/strong><\/td>\nFor purchase of new machineries \/equipments<\/strong><\/td>\n<\/tr>\n
Eligibility<\/strong><\/td>\nFor Businessmen , Traders, industrialist<\/strong><\/td>\n<\/tr>\n
Loan Amount<\/strong><\/td>\n70% of quotation of Machineries<\/strong><\/td>\n<\/tr>\n
Margin<\/strong><\/td>\n30% of quotation of Machineries<\/strong><\/td>\n<\/tr>\n
Repayment Period<\/strong><\/td>\nMaximum 60 months<\/strong><\/td>\n<\/tr>\n
Rate of interest<\/strong><\/td>\n15.00% P.A at monthly<\/strong><\/td>\n<\/tr>\n
Share linking\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n2.5% of the loan amount sanctioned<\/strong><\/td>\n<\/tr>\n
Guarantee<\/strong><\/td>\nTwo guarantor possessing property and also Income tax-payer<\/strong><\/td>\n<\/tr>\n
Security<\/strong><\/td>\nHypothecation of Machineries and collateral security in Form of mortgage of immovable properties<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_toggle][vc_toggle title=”Building Construction Loan” style=”square_outline” size=”sm”]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Subject<\/strong><\/td>\nParticular<\/strong><\/td>\n<\/tr>\n
Purpose<\/td>\nFor purchase \/construction of new office\/factory shed \/Godown<\/td>\n<\/tr>\n
Eligibility<\/td>\n\u00a0For\u00a0 Traders, professionals<\/td>\n<\/tr>\n
Loan Amount<\/td>\n70% of conveyance deed\/sale deed amount<\/td>\n<\/tr>\n
Margin<\/td>\n30% of conveyance deed\/sale deed amount<\/td>\n<\/tr>\n
Repayment Period<\/td>\nMaximum 60 months<\/td>\n<\/tr>\n
Rate of interest<\/td>\n15.00% P.A at monthly rest (Subject to change at the discretion of Bank)<\/td>\n<\/tr>\n
Share linking<\/td>\n\u00a02.5 % of the loan amount sanctioned.<\/td>\n<\/tr>\n
Guarantee<\/td>\nTwo guarantor possessing property and also Income tax-payer<\/td>\n<\/tr>\n
Security<\/td>\nMortgage of office\/factory shed \/godown \/ Land<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_toggle][vc_toggle title=”Building Mortgage Loan” style=”square_outline” size=”sm”]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Subject<\/strong><\/td>\nParticular<\/strong><\/td>\n<\/tr>\n
Purpose<\/td>\nFor Business purpose by Mortgage of Property or Land<\/td>\n<\/tr>\n
Eligibility<\/td>\n\u00a0For\u00a0 Traders, professionals<\/td>\n<\/tr>\n
Loan Amount<\/td>\n70% of conveyance deed\/sale deed amount<\/td>\n<\/tr>\n
Margin<\/td>\n30% of conveyance deed\/sale deed amount<\/td>\n<\/tr>\n
Repayment Period<\/td>\nMaximum 60 months<\/td>\n<\/tr>\n
Rate of interest<\/td>\n15.00% P.A at monthly rest (Subject to change at the discretion of Bank)<\/td>\n<\/tr>\n
Share linking<\/td>\n\u00a02.5 % of the loan amount sanctioned.
\n.<\/td>\n<\/tr>\n
Guarantee<\/td>\nTwo guarantor possessing property and also Income tax-payer<\/td>\n<\/tr>\n
Security<\/td>\nMortgage of office\/factory shed \/godown \/ Land \/ Building<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_toggle][vc_toggle title=”Consumer Durable Loan” style=”square_outline” size=”sm”]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Subject<\/strong><\/td>\nParticular<\/strong><\/td>\n<\/tr>\n
Purpose<\/td>\nFor purchase of new T.V. Freez, or Home Appliance<\/td>\n<\/tr>\n
Eligibility<\/td>\n\u00a0For\u00a0 General People<\/td>\n<\/tr>\n
Loan Amount<\/td>\n70% of Quotation Price of Goods<\/td>\n<\/tr>\n
Margin<\/td>\n30% of \u00a0Quotation Price<\/td>\n<\/tr>\n
Repayment Period<\/td>\nMaximum 36 months<\/td>\n<\/tr>\n
Rate of interest<\/td>\n15.00% P.A at monthly rest (Subject to change at the discretion of Bank)<\/td>\n<\/tr>\n
Share linking<\/td>\n\u00a02.5 % of the loan amount sanctioned.
\n.<\/td>\n<\/tr>\n
Guarantee<\/td>\nTwo guarantor possessing property and also Income tax-payer<\/td>\n<\/tr>\n
Security<\/td>\n\u00a0By Hypothicationof particular Goods.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_toggle][vc_toggle title=”Hypothecation Loan” style=”square_outline” size=”sm”]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Subject<\/strong><\/td>\nParticulars<\/strong><\/td>\n<\/tr>\n
Purpose<\/td>\nFor Working Capital of Business<\/td>\n<\/tr>\n
Eligibility<\/td>\nFor Business, Trade<\/td>\n<\/tr>\n
Loan Amount<\/td>\n50% of \u00a0Stock Value<\/td>\n<\/tr>\n
Margin<\/td>\n50% of Stock Value<\/td>\n<\/tr>\n
Repayment Period<\/td>\nOne year.<\/td>\n<\/tr>\n
Rate of interest<\/td>\n14.00% P.A at monthly<\/td>\n<\/tr>\n
Share linking<\/td>\n2.5% of the loan amount sanctioned<\/td>\n<\/tr>\n
Guarantee<\/td>\nTwo guarantor possessing property and also Income tax-payer<\/td>\n<\/tr>\n
Security<\/td>\nHypothecation of Goods and collateral security in Form of mortgage of immovable properties<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_toggle][vc_toggle title=”Secured Building Mortgage Loan” style=”square_outline” size=”sm”]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Subject<\/strong><\/td>\nParticulars<\/strong><\/td>\n<\/tr>\n
Purpose<\/td>\nFor Working Capital of Business.Bank provides ODBML Loan by mortgage agreement of Land or Building.<\/td>\n<\/tr>\n
Eligibility<\/td>\nFor Businessmen and Traders<\/td>\n<\/tr>\n
Loan Amount<\/td>\n70% of \u00a0evaluation of Loan or Building<\/td>\n<\/tr>\n
Margin<\/td>\n30% of \u00a0evaluation of Loan or Building<\/td>\n<\/tr>\n
Repayment Period<\/td>\nOne year.<\/td>\n<\/tr>\n
Rate of interest<\/td>\n14.00% P.A at monthly<\/td>\n<\/tr>\n
Share linking<\/td>\n2.5% of the loan amount sanctioned<\/td>\n<\/tr>\n
Guarantee<\/td>\nTwo guarantor possessing property and also Income tax-payer.<\/td>\n<\/tr>\n
Security<\/td>\ncollateral security in Form of mortgage of immovable properties<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_toggle][vc_toggle title=”Secure Loan” style=”square_outline” size=”sm”]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Subject<\/strong><\/td>\nParticular<\/strong><\/td>\n<\/tr>\n
Purpose<\/td>\nFor Business\u00a0 and Social purpose.<\/td>\n<\/tr>\n
Eligibility<\/td>\n\u00a0For\u00a0 Traders, professionals, General People<\/td>\n<\/tr>\n
Loan Amount<\/td>\n85% of Bank own Fixed Deposit ,Recurring Deposit and 75% of KVP \/ NSC Certificate principal amount.<\/td>\n<\/tr>\n
Margin<\/td>\n15% of \u00a0Bank own Fixed Deposit ,Recurring Deposit and 25 % of KVP \/ NSC Certificate<\/td>\n<\/tr>\n
Repayment Period<\/td>\nTill maturity\u00a0 Date of\u00a0 FDR or Recurring Deposit or KVP \/ NSC certificate<\/td>\n<\/tr>\n
Rate of interest<\/td>\n2.00% excess of FDR \/ RD interest rate and 14 % in case of KVP \/ NSC Certificate.<\/td>\n<\/tr>\n
Share linking<\/td>\n\u00a0Nil<\/td>\n<\/tr>\n
Guarantee<\/td>\nBank FDR \/ RD \/ NSC \/ KVP Certificate<\/td>\n<\/tr>\n
Security<\/td>\nBy pledge of particular Security like FDR\/RD\/NSC\/KVP<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_toggle][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Interest Rate for Loan and Advances with effect from 11.08.2024<\/strong><\/p>\n

Interest Rate for Term Loan:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Sr No<\/strong><\/td>\nType of loan<\/strong><\/td>\nDescription<\/strong><\/td>\nInterest Rate<\/strong><\/td>\n<\/tr>\n
1<\/td>\nLoan Against Vehicle\/Mahcinary Loan<\/p>\n

 <\/td>\n

\u00a0 New Vehicle<\/td>\n12%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\u00a0 * Old Vehicle<\/td>\n15%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\u00a0 Machinary Loan<\/td>\n12%<\/td>\n<\/tr>\n
2<\/td>\nLoan Against Building<\/td>\n\u00a0 *<\/td>\n12.50%<\/td>\n<\/tr>\n
3<\/td>\nLoan Against Building Construction<\/td>\n\u00a0 *<\/td>\n12.50%<\/td>\n<\/tr>\n
4<\/td>\nPersonal Loan<\/td>\n\u00a0 Upto 200000\/-<\/td>\n13%<\/td>\n<\/tr>\n
5<\/td>\nConsumer Durable Loan<\/td>\n\u00a0 *<\/td>\n12%<\/td>\n<\/tr>\n
6<\/td>\nLoan Against Gold Loan<\/td>\n\u00a0 *Upto 200000\/-<\/td>\n10%<\/td>\n<\/tr>\n
7<\/td>\nLoan For Education purpose<\/td>\n\u00a0 *<\/td>\n10%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Interest Rate for Cash Credit\/Overdraft:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Sr No<\/strong><\/td>\nType of loan<\/strong><\/td>\nDescription<\/strong><\/td>\nInterest Rate<\/strong><\/td>\n<\/tr>\n
1<\/td>\nLoan Against Hypothication<\/td>\n\u00a0 Upto 2499999\/-<\/td>\n14%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\u00a0 2500000\/- to 5999999\/-<\/td>\n13%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\u00a0 6000000\/- above<\/td>\n12%<\/td>\n<\/tr>\n
2<\/td>\nLoan Against Building<\/td>\n\u00a0 Upto 2499999\/-<\/td>\n12.50%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\u00a0 2500000\/- to 4999999\/-<\/td>\n11.50%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\u00a0 5000000\/- to 7499999\/-<\/td>\n10.50%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\u00a0 7500000\/ to 7800000\/-<\/td>\n9.50%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\u00a0 7800000\/- Above<\/td>\n9%<\/td>\n<\/tr>\n
3<\/td>\nLoan Against Fixed Deposit<\/td>\n\u00a0 1% more than actual Fixed Deposit rate<\/td>\n<\/td>\n<\/tr>\n
4<\/td>\nLoan Against NSC\/KVP<\/td>\n\u00a0 As per surrender Value*<\/td>\n12%<\/td>\n<\/tr>\n
5<\/td>\nLoan Against Gold Loan<\/td>\n\u00a0 As per surrender Value*<\/td>\n10%<\/td>\n<\/tr>\n
6<\/td>\nLoan Against LIC<\/td>\n\u00a0 As per surrender Value*<\/td>\n10%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

* Loan and Advances Limit as per Bank\u2019s Policy and Exposure Limit as per RBI Guidelines.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_empty_space height=”15px”][vc_row_inner disable_element=”yes”][vc_column_inner width=”1\/3″][vc_single_image image=”14349″ img_size=”full” alignment=”center” style=”vc_box_shadow_border” onclick=”link_image”][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_toggle title=”Vehicle Loan” style=”square_outline” size=”sm”] Subject Particulars Purpose (i)For Purchase of\u00a0 two wheeler, three wheeler, four wheeler and for Commercial vehicles Eligibility (i)Vehicle loan for salaried employees, Businessmen, professional self employed, (II) Commercial Vehicle for business purpose. Loan Amount 70 % of Quotation of vehicles Margin […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/tgucbl.bank.in\/\/wp-json\/wp\/v2\/pages\/14348"}],"collection":[{"href":"https:\/\/tgucbl.bank.in\/\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/tgucbl.bank.in\/\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/tgucbl.bank.in\/\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tgucbl.bank.in\/\/wp-json\/wp\/v2\/comments?post=14348"}],"version-history":[{"count":6,"href":"https:\/\/tgucbl.bank.in\/\/wp-json\/wp\/v2\/pages\/14348\/revisions"}],"predecessor-version":[{"id":14738,"href":"https:\/\/tgucbl.bank.in\/\/wp-json\/wp\/v2\/pages\/14348\/revisions\/14738"}],"wp:attachment":[{"href":"https:\/\/tgucbl.bank.in\/\/wp-json\/wp\/v2\/media?parent=14348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}