Union Bank of India had sponsored four RRBs in India out of which three were in U.P namely, Kashi Gramin Bank, Gomti Gramin Bank and Samyut Kshetriya Gramin Bank. Samyut Khetriya Gramin Bank established on 6th Jan 1976, with its Head Office at AZAMGARH. It covered 4 districts namely zamgarh,Mau,Gazipur and Ambedker Nagar with its 168 branches.
Gomti Gramin Bank was established on 30th March 1981 with its Head Office at Jaunpur. Kashi Gramin Bank was established on 28th July 1981 with its H.O. at Varanasi with a view to cater the need of rural and downtrodden people of Kashi, the oldest city of the world.
The consumer loan for vehicles, offered by the bank works similar to the car loan offered by other commercial banks.
Purpose – To provide loan for vehicle for personal use to professional and individuals
Eligibility – Permanent employees of Central or State government including public sector Undertaking are eligible for the loan; Income Tax Payee Professionals, Self employed and individual engaged in Agriculture or Agriculture allied activities are also eligible for the loan
Loan Amount – 3 times of annual Salary or Income or Rs 10.00 lakh whichever is lesser.
Repayment Mode – Monthly Installment
Period of Loan – minimum 3 years to maximum 5 years
Type of Facility – Term loan