Saurashtra Gramin Bank – Personal Loan for NSC/KVP/Mutual Fund Agent

By | July 7, 2011

Saurashtra Gramin Bank is a Regional Rural Bank, was established under RRB Act, 1976 & Three banks namely JRGB, JAGB & SBGB, new prompted by SBS (now SBI) since 1978.

These three Banks were amalgamated into one Bank namely Saurashtra Gramin Bank as per the Government of India directives since 02/01/2006.

The bank is actively involved in offering Mutual Fundsloans such as home loan, personal loans, car loan, education loan, business loans etc.


Purpose                      – The loan is offered for any personal purpose of the borrower

Eligibility                     – Sufficient Cash flows to repay with 3 to 5 years standing, who are tax assesses; The facility will be considered only if a power of attorney or mandate is registered with Principal Organization with which the agent deals authorizing them to remit the commission direct to the Bank.

Rate Of Interest        – 15%

Repayment Period     – In EMI of 12 to 36 months as per capacity of borrower; Renewal of loans may be considered after 24 Months.


Processing Charge     – 1% of Loan Amount


Margin                         – No Margin

Quantum of Loan       – Minimum: 30,000; Maximum: 2,00,000 OR 1 year’s NAI Whichever is Less

Security                      –

Loan Up to Rs. 50,000/-

  • One TPG acceptable to the Bank.
  • 4 Advance Post dated cheques for Quarterly EMI.

Loan Rs. 50,001/- to 1, 00,000/-

  • Two TPG acceptable to the Bank.
All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit for the latest rates/offers.
Category: Articles Glossary Tags: , ,

About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

Leave a Reply

Your email address will not be published. Required fields are marked *