Purpose Business purpose Term loan (Retail/wholesale trade, Industry and SSI)
Eligibility Improvement of existing Business unit /acquiring new business Unit/ To start new business.
Loan Limit As per loan policy
Repayment Period Repayable in 120/180 EMI
Rate of Interest
A) Upto Rs.25 Lakhs 10.00%
B) Rs.25 Lakhs to Rs.1 Crore 11.00%
C) Above Rs.1 Crore 11.50%
Share Holding 2.5% of the Loan amount as per RBI notification
Security Mortgage of the Property by way of Registered Memorandum of Deposit of Title deeds
Documentation Prescribed Application Form with Attested Copies of Photo ID – Voter ID/DrivLicense/Passport/Aadhar PAN Card
Income Proof - Business:
3 years IT Returns, with Tax paid challan Bank pass book/statement Consent declaration from family members wherever applicable. Registered Partnership Deed/ Memorandum of Association & Articles of Association with Company Registration certificate. Income proof as above of family members wherever applicable.
Purpose Proof Registration Certificate issued by authority, GST/MSME Certificate, Trade License.
Property photo ( 2 views – property and road.) Resolution to avail loan(applicable to Partnership Firm and Companies)
CA certified P & L a/c and Balance sheet for last 3 years , Project report with projected P& L and Balance sheet, nad Financial statements with DSCR for 5 years