Important Announcement
For Businessmen

Eligibility

  • Sufficient Cash flows to repay.
     
  • Income Tax returns of 1 to 2 years.
     
  • With Minimum of 2 years standing.

Rate of Interest

Repayment Period

  • In EMI of 12 to 36 months as per capacity of borrower.
     
  • Renewal of loans may be considered after 24 Months.

Proposal Processing Charge

  • 2% of Loan Amount.

Margin

  • No Margin.

Max & Min Loan:

  • Minimum: 30,000
     
  • Maximum: 70,000 OR 1 year's NAI Whichever is Less

Moratorium

Not Applicable

Security

  • Loan up to Rs. 50,000/-
  • One TPG acceptable to the Bank.
     
  • 4 Advance Post dated cheques for quarterly EMI.
  • Loan Rs. 50,001/- to 1,00,000/-
  • Two TPG acceptable to the Bank.