Saurashtra Gramin Bank Personal Loan

Saurashtra Gramin Bank Personal Loan

It was established under RRB Act of 1976 for the development of Rural Sector. Saurashtra Gramin Bank is an amalgamation of three banks namely JRGB, JAGB & SBGB and since 1978 it is promoted by SBS. It also provides Personal Loan other than financial services.

Saurashtra Gramin Bank Personal Loan is here to help you with all the financial issues then you have been facing till now. We promise to make your life at ease, without any worries, but for that, you need to apply for Personal Loan, which will surely work in your favor. We are here for you as a family whom you can trust. For further details, fill the form mention at our site and our relationship manager will contact you and will surely work in your favor that too free of cost.

Eligibility Criteria for Saurashtra Gramin Bank Personal Loan

It depends upon several measures such as payback capabilities, Credit Score, pay slip, etc. There are two categories:-

Salaried Applicant

Firstly, the minimum age to apply for Development Credit Bank Personal Loan should be 21 years and maximum of up to 60 years.

Secondly, an individual from the metropolitan city should possess a minimum income of Rs 18,000, and for an individual who is living in non-metropolitan city, the minimum salary should be Rs 12,000.

Moreover, an individual must have three years of work experience, and the salary should be received in their account only.

Besides this, an individual applying for the Personal Loan must have a good credit history.

Lastly, a person has to submit his bank statement for the last three months and salary slip of the previous six months.

Self Employed Applicant

Firstly, the age of an individual must be 25 years.

Secondly, an individual applying for a Personal Loan should file Income Tax Return for the last three years.

Besides this, a credit score of an individual should be up to the mark that is 650 and above.

Moreover, the minimum amount should be of Rs 2.5 lakhs per annum at least.

In addition to this, if a person is a businessman than his business should be running from last three years.

Lastly, an individual has to submit his financials and his bank statement for the previous three months.

Advantages of Saurashtra Gramin Bank Personal Loan

 Minimal Documentation is needed to avail Personal Loan.

Transfer of existing loan is possible.

Flexible repayment options are available for the applicant.

 Hassle-Free process with nominal Interest Rate.

 Fast Approval for the loan is given when an applicant match the certain criteria.

Disbursal of Loan is available within 72 hours after the submission.

Part prepayment facility is available after a certain period of time.

Lucrative interest rate for the applicants who want to avail Personal Loan.

No cosigner is needed for the approval of the loan.

Multipurpose loan an applicant can use it according to his requirement.

Interest Rate for Saurashtra Gramin Bank Personal Loan

For Self Employed:

An individual business must be in existence for a minimum period of 3 years.

The company’s Profit After Tax for the last two years should be positive.

Minimum Age of an individual should be 28 years, and the maximum Age should be 68 years, at the time of loan maturity.

For Salaried Individuals:

The minimum age of an individual who apply for Development Credit Bank Personal Loan must be 23 years, and the maximum Age should be 58 years, at the time of loan maturity.

Documentation required for Saurashtra Gramin Bank Personal Loan

Photo identity proof includes any of these (Pan Card / Passport/ Aadhaar Card / Voter Identity Card / Driving License.

Address Proof includes any one of these (Passport / Ration Card / Driving License/ Bank Account Statement / Aadhaar Card / Telephone Bill Sale Deed/ Electricity Bill / Property purchase agreement (for owned properties).

Income Proof includes:-

For Salaried Individuals: Last three months/Six months’ bank statement (dependent on the scheme) Showing Salary Credits /Latest Salary Slip.

For Self-Employed Individuals: Two years of Income Tax Return/P&L / and Balance Sheet for the last two years/Last Six Months’ Bank Statement.

Business Proof includes:-For Self Employed Individuals: Qualification Certificate/ Certificate of Practice, Shop Act License/ Memorandum Of Association & Article Of Association/ Sales Tax/ VAT Registration/ Partnership Deed.

EMI Calculator for Saurashtra Gramin Bank Personal Loan

Equated Monthly Instalments, is the amount that a loan borrower has to pay throughout the loan tenure to repay the Personal Loan amount. Each EMI repays a part of the due amount, i.e., the principal and the interest due on the loan amount. Personal Loan EMI is the monthly repayment that borrower needs to make to repay the loan according to the Personal Loan amortisation schedule. The tool that you can use to determine your EMI payout is Saurashtra Gramin Bank Personal Loan EMI Calculator.

You can calculate EMI on your own by the formula mentioned below:-
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Tenure of Saurashtra Gramin Bank Personal Loan

The tenure of the Personal Loan is 1 to 5 years.

Why your decision of choosing Bestloandeal is the right decision?

 Firstly, our assistance is free of cost.

Secondly, the approval process is time-saving if you apply through Bestloandeal.

Furthermore, you can avail our services 24/7.

 Moreover, the Loan gets disbursed within 24 hours.

Our relationship manager will assist you and will help you to avail the right offer.

How to apply for Saurashtra Gramin Bank Personal Loan ?


After that, you have to fill the personal loan form, and our expert relationship managers will contact you.

Furthermore, we will tell you regarding details of the Personal Loan, where you can choose your preferred city.

Lastly, we will provide you our assistance until the end of the process, until you are not satisfied.