- Sufficient Cash flows to repay with 3 to 5 years standing, who are tax assesses.
- The facility will be considered only if a power of attorney or mandate is registered with Principal Organization with which the agent deals authorizing them to remit the commission direct to the Bank.
Rate of Interest
- In EMI of 12 to 36 months as per capacity of borrower.
- Renewal of loans may be considered after 24 Months.
Proposal Processing Charge
- No Margin.
Max & Min Loan:
- Minimum: 30,000
- Maximum: 2,00,000 OR 1 year's NAI Whichever is Less
- 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.