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Bangiya Gramin Vikash Bank Personal Loan Details

Bangiya Gramin VikashBank 3.75 / 5.04 users

The Bangiya Gramin Vikash Bank Personal Loan scheme helps you in meeting all financial expenditures of various natures like social obligations, medical emergencies, etc. It is readily available to the professionals as well as the self- employed. Permanent employees of the State and Central government of India, esteemed corporate houses and educational institutions can also avail this scheme.

There are servicing charges (processing fee) applicable on the sanctioned amount. Early repayment of loan amount will not attract penalty. A fixed rate of 12.75 % p.a. is set by the bank. provides all the information about Bangiya Gramin Vikash Bank Personal Loan

Eligible Criteria to Avail the Loan:

1For Salaried People:
  • The candidate must be in the organisation for a minimum of two years.
  • The candidate's salary should be paid out through the bank branch where the loan is applied for.
  • In case of a co- borrower (example wife), her income may be added for eligibility requirements.
2For Self employed or Professionals:
  • The candidate should have been carrying out business or his/her practice for a minimum of two years.
  • Having an account in the branch where the loan is applied for, with a minimum amount of two lakh p.a. is mandatory for the candidate.
  • In case of a co-worker (example wife), the bank relaxes the annual earning requirement by Rs. 1.50 lakh. Her income can also be clubbed for eligibility criteria.

The Maximum Loan Amount that can be availed by the Borrower:

  • Salaried persons , receiving salary from the bank , are eligible for the amount equivalent to  a year's salary or three lakh (whatever is high)
  • Salaried persons, not receiving salary from the bank, are eligible for the amount equivalent to a year's salary or Rs. 1.50 lakh, (whatever is high)
  • The self employed and professionals are eligible for gross up to two lakh or 50 % of annual income (whatever is low)
  • In case of co-borrower, (example wife) her income can be clubbed for eligibility criteria, and hence the loan amount may be increased up to Rs. 3 lakh.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Bangiya Gramin Vikash Bank.

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