Business Loan

Eligibility:

1. Professional and self employed person, businessman, Micro Finance to Vendors.

Margin: 50%

  Rate Of Interest On Business Loans

  1. Upto Rs. 5.00 lakhs (maximum 5 years): 14.00%
  2. Above Rs. 5.00 lakhs upto Rs. 10.00 lakhs(Maximum 5 Years): 14.50%
  3. Above Rs.10.00 lakhs (Maximum 5 years): 15.50%
  4. Business of Rent a Bike (maximum 3 Years): 14.00%

Repayment Period:

Maximum 7 years

Micro Finance – Maximum 3 year

Security:

Two Guarantors.

Stock in Trade

Hypothecation of vehicle

 Documents Required:

  1. Proof of Residence and photographs.
  2. Salary Certificate of Sureties and photographs.
  3. Applicant’s Audited Statement of Account/Income Tax Returns
  4. Stock Statement
  5. Insurance Cover

Please contact our nearest Branch for detail information and requirement.