Gurgaon Gramin Bank is a Regional Rural Bank, sponsored by Syndicate Bank having its Head Office at Gurgaon. It came into existence in the year 1976, and has operations in almost seven districts.
Bank is serving rural clients and has attained a leading position in extending micro credit through linkage of SHGs and also by providing Bank finance to Women beneficiaries. The bank is also having a Tie-up arrangement with 166 Companies or Corporate providing personal loan, House Building Loans, Vehicle Loans & Educational loan.
PURPOSE – The objective of the scheme is to provide hassle-free credit to the customers of the bank based on the assessment of cash flow without insistence on security, purpose or end use of the credit. This is in the nature of overdraft or cash-credit with no end use stipulations
ELIGIBILITY – Farmers and Non-Farmers all are eligible under this scheme
QUANTUM OF LOAN – Limit will be fixed based on the income and cash flow of the entire household. However, the total credit facility under GGB General Credit Card for an individual will not exceed Rs.25, 000/-
RATE OF INTEREST – 11.00% per annum
VALIDITY – The Credit card will be valid for 3 years subject to annual review. Interest should be serviced every month