Loan Account

Business Loan
Dream It Make It Happen..

Success occurs when opportunity meets preparation

The Best Time for new beginnings is now

Business Loans are specifically intended for business purposes viz., purchasing Industrial gala/unit, acquisition plant or machinery, working capital.


The Rate of interest for the loan is calculated on the daily reducing balance of the loan.

Features & Benefits

  • Rate of Interest : 12% p.m.
  • Repayment Period : 180 monthly instalments (For Salaried Employee up to age of retirement or whichever is earlier)
  • Loan Limit : Maximum Amount up to Rs 75 lakhs
  • SMS Alerts for transactions, EMI due date reminder
  • Monthly E-Statement Facility
  • Instalment payment facility at any branch

Eligibility

  • Individuals or Firms providing any service.

Documentation

  • Proof of Residence - Electricity Bill / Telephone Bill / Passport / Aadhar Card
  • Proof of Identity - Aadhar / PAN Card
  • Proof of Income - Statement of accounts (Balance sheet, Profit & Loss Statement) Income Tax returns for last three years with projections.
  • Passport Size Photograph.
  • Documentary evidence for the purpose of loan
  • Registration & Stamp duty as applicable

Note: Other documents on case-to-case basis

Security

  • Premises - Mortgage of Premises.
  • Machinery - Hypothecation of machinery purchased
  • Two Sureties.
  • Any other Security determined on case-to-case basis

Note: Loan Amount depends on the repaying capacity.

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