Personal Loan

Loans under the Bank’s Home Loan Scheme may be granted to individuals for various purposes:

• Purchase a plot of land for house construction.
• Purchase or construct a new house/flat.
• Extend or renovate an existing house/flat.
• Takeover of Home Loans from other Banks.
• Furnishing/interiors as part of the project cost.
• Reimbursement of investment made from own resources for house/flat purchase.
• Purchase/construct a new house/flat outside the state of Jharkhand.

Special Home Loan Scheme for Hilly/Tribal Areas:

• No mortgage of land required.
• Loans given against Third Party Guarantee.

Special Features of JRGB Tribal Plus Home Loan Scheme:

• Home Loans to people residing in Hilly/Tribal areas.
• No mortgage of land.
• Loans given against Third Party Guarantee.

JRGB Guruji Plus

A personal loan scheme for teachers for any legitimate personal purpose.

• Maximum loan limit: Rs. 20 Lakhs.
• Repayment period: Maximum 72 months.
• CIBIL Score requirement: 650 & above.

Purpose: Sanctioned for any legitimate personal purpose (e.g., medical treatment, marriage expenses, educational expenses, etc.).

Points to be noted:

• Govt. Teachers (Teaching & Non-Teaching Staff) with a minimum service of 1 year, receiving a salary of minimum Rs.5000/-.
• Salary Account may be with our bank or other bank.
• CIBIL Score of 650 & above or -1.
• Repayment Period is maximum 72 months.
• Maximum Loan Limit of Rs. 20 Lakhs.
• 12 Post Dated Cheques.
• Third-party Guarantor is mandatory except employees having a CIBIL Score greater than 734.

JRGB Guruji Lite

Purpose:

Any personal purpose

Points to be noted:

• New customers will be eligible based on the following:
• Para Teachers with a minimum service of 1 year, receiving a salary for 1 year of minimum Rs.10000/-.
• Salary Account will be with our bank only.
• Cibil Score of 650 & above or -1.
• Repayment Period is maximum 60 months.
• SI/ ECS/ NACH or Direct Credit from employer under check off, if Available.
• Loan Limit will be from Rs.50000/- to Rs.500000/-.
• Customer may opt for a second loan or, may close the existing loan and open a new loan with enhanced limit.
• 12 Post Dated Cheques.
• Third Party Guarantee.
• Group Personal Accident Insurance Policy coverage of SBI General should be invariably offered.

JRGB Salary Plus

Available for government and PSU employees with a minimum service of 1 year.

Points to be noted:

• Employees of (Central/State Government, PSU’s, National Educational Institutions, Selected corporate & Registered Firms with a minimum of 20 employees) with a minimum service of 1 year, receiving a salary for 1 year of minimum Rs.5000/-.
• Salary Account may be with our bank or other bank.
• CIBIL Score of 650 & above or -1.
• Repayment Period is maximum 72 months.
• Maximum Loan Limit of Rs. 20 Lakhs.
• 12 Post Dated Cheques.
• Third-party Guarantor is mandatory in all cases except employees with a CIBIL Credit Vision Score greater than 734.

P-LAP

For meeting personal expenses like education, marriage, healthcare, etc. other than speculative purpose.

Points to be noted:

• Salaried Employees, professionals, and Self-employed Individuals, Businessmen who are IT assesses, who own residential property or commercial property in their name, spouse/children/parent/sibling.
• Loan under P-LAP to be sanctioned at the Centre where the property is located.
• Loan under this scheme will not be made available on mortgage of an open plot, under-construction property, and Industrial Property.
• CIBIL cut off Score: Salaried - Nil, Businessman - <=600, Professional/Self Employed/Agriculturists - <=700.
• Minimum Net Monthly Income of Rs.25,000 or Annual Income of Rs. 3.00 Lakh.

JRG Bank Education Loan

The scheme is designed to support pursuing higher education.

Type of Loan:

Eligible courses include studies in India and courses leading to degrees from recognized universities, as well as professional courses like ICWA, CA, CFA, etc.