1

Eligibility

Individuals , Registered Company, Societies & Firms

2

Purpose

Trading, Business & Profressions

3

Maximum Loan Amount

Max. Rs.60.00 Lakhs

(Based on the Turnover & Security)

4

Repayment Period

One Year –(Subject to annual renewal )

5

Rate of Interest

11.15% ( ROI applicable as and when revised by the Bank from time to time)

6

Security for the Loan

Registered Mortgage of the assets, Hypothecation of goods, etc.

7

Surety

•  One person for the loan upto Rs.5.00 Lakhs
•  Two persons for loan exceeding Rs.5.00 Lakhs

• 8

Documents to be submitted

•   Loan application in the prescribed format
•   Documents as per the KYC Norms
•   Registration Certificate, license of the business/profession.
•   Audited reports of the business for last 3 yrs
•   Title deeds & other documents of the assets
•   Documents to assess the repayment capacity
•   Other loan documents