1

Eligibility

Individuals , Registered Company, Societies & Firms

2

Purpose

Business, Industry Establishment/Development, Etc.

3

Maximum Loan Amount

Max. Rs.60.00 Lakhs

(Based on the Project & Security)

4

Repayment Period

5 to 10 Years

5

Rate of Interest

13.00% ( 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 palants & machinery,  stock, 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 for the Industry, business/profession.
•   Project Report
•   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