Purpose: Sharda General Credit Card is a demand loan scheme offered by the Sharda Gramin Bank. This loan scheme finances any needs of an individual customer of the bank by granting credit to the customer through this loan scheme.
Eligibility: Any individual customer of the bank who belongs to a rural or semi urban area can avail this loan. The loan would be granted in the name of the head of the family.
Quantum of Loan: Up to a maximum of Rs. 25,000/- is granted as loan under this scheme of loan.
Margin: There is no margin for this loan scheme.
Rate of Interest: The rate of interest is PLR-0.5% for males and PLR -1% for females.
Repayment: The aggregate credits during the 12 months period should be at least equal to the maximum outstanding in the account. No single withdrawal should be outstanding for more than 12 months.
Security: No security is required for this kind of personal loan scheme.
Other Features: This loan scheme has processing charges. The processing fee is decided based on the norms of the bank.