At Gadchiroli District Bank, we understand that every business owner needs financial support to take their business to new heights. Whether you are looking to expand your business, modernize equipment, or need working capital, Gadchiroli District Bank Business Loan can help you achieve your goals.
| Sr. No. | Loan Scheme | Loan Limit | Loan repayment period | Interest Rate |
|---|---|---|---|---|
| 1 | Individual Cash Credit Loan | ₹ 50.00 Lakhs | 1 year | 12.00% |
2 |
Loans against Daily Savings Deposit |
75 percent of savings | 1 year | 11.00% |
| Double the savings | 1, 2, 3 years | 11.00% | ||
| 3 | Loan to Street Vendors | ₹ 20000 /- | 1, 2, 3 years | 11.00% |
| Sr. No. | Loan Scheme | Links |
|---|---|---|
| 1 | Individual Cash Credit Loan | Click Here |
| 2 |
Loans against Daily Savings Deposit |
Click Here |
| 3 | Loan to Street Vendors | Click Here |
At Gadchiroli District Bank, we understand that every business owner needs financial support to take their business to new heights. Whether you are looking to expand your business, modernize equipment, or need working capital, Gadchiroli District Bank Business Loan can help you achieve your goals.
Near ST Bus Stand, Dhanora Road, Gadchiroli Taluka, Gadchiroli District, Gadchiroli.
For RTGS/NEFT Assistance
07132-232050
For ATM Card Assistance
07132-233571
Missed Call Balance Enquiry
09289201111
For Mobile Banking
07132-233571
The Gadchiroli DCC Bank Pvt. Ltd.
Register with DICGC
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
| • Businessmen | • Loan Demand Application | • The applicant should be a resident of the district. |
| • Last 3 years income tax return and balance sheet | • The business of the applicant should be in the district. | |
| • Business Registration Certificate | • Should have a regular savings/current account. | |
| • Evidence regarding occupation | • Fixed asset valuation should be multiple of loan demand amount. | |
| • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • If the annual income of the applicant is less, the annual income of the co-applicants will be considered. | |
| • Nominal membership fee (applicant, co-applicant and guarantor) | • Loan will be sanctioned on the basis of stock (goods). | |
| • Search Report and Valuation Certificate of Fixed Assets from Bank Panel Architects and Advocates | • Applicant’s CIBIL score should be above 700. | |
| • The permanent property should belong to the applicant or co-applicant. (If the co-applicant has permanent property, consent will have to be taken on stamp paper of Rs.100.) | • Applicant age should not be more than 50 years minimum | |
| • non-agricultural/ Gavthan/ Gaon Namuna 8/ Property Mutation (Akhiv Patrika) of permanent property. | • The applicant will have to take insurance of amount equal to the balance of the goods and renew the insurance every year. | |
| • Guarantor’s Income Tax Slip | • The interest on the loan will be charged monthly. | |
| • The loan will be waived at the age of 65 years of the applicant. | • 40 percent of the goods (stock) will be taken off the debt. | |
| • If the loan demand is above ₹10.00 lakh then the balance sheet with UDI number of the Chartered Accountant has to be provided. | • Renewal of loan amount will be done on 31st January every year. | |
| • The loan shall have two competent guarantors. | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
| • Last 3 years income tax return if guarantor is professional. | • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. | |
| • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. | ||
| • An updated CIBIL report has to be taken while renewing the cash credit loan. | ||
| • 7/12 /Gaon Namuna 8A / Property Mutation (Akhiv Patrika) has to be submitted annually for mortgaged assets. | ||
| • If there is no collateral for the loan, a cash credit limit of 75 percent will be sanctioned based on the special fixed deposit in the name of the applicant. |
| Eligibility | Loan repayment period | Required documents | Terms and Conditions |
|---|---|---|---|
|
Businessmen
|
1 years | • Loan Demand Application. • Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant. • Nominal membership fee (applicant and co-applicant) |
• The applicant should be a resident of the district. The business of the applicant should be in the district. • There should be a regular daily savings account and a savings/current account. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. |
| 1,2,3 years | • Loan Demand Application. • Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant. • Nominal membership fee (applicant and co-applicant). • Agreement/Guarantee on stamp paper of ₹100 if loan amount is above ₹50,000/- |
• The applicant should be a resident of the district. • The business of the applicant should be in the district. • There should be a regular daily savings account and a savings/current account. • Applicant’s CIBIL score should be above 700. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
| Woman | • Loan Demand Application | • The applicant should be a resident of the district. |
| • Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant | • The business of the applicant should be in the district. | |
| • Nominal membership fee (applicant and co-applicant) | • There should be a regular daily savings account and a savings/current account. | |
| • Letter of registration from Nagar Parishad. | • The loan will be repaid in equal monthly installments. | |
| • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | ||
| • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
| • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
