Services |
|
Loans |
Professional Loan
Purpose :
To professionals such as C.A., Doctors, Architects, Engineers, Contractors to purchase fixed assets or for day to day office expenses- Eligibility :
Professionals with satisfactory background - Margin :
25% to 40% - Rate of Interest :
As per Cibil - Security Prime / Collateral :
Hypothecation of Machinery, Instruments etc.
Equitable / Registered mortgage of immovable property if applicable - Guarantee :
Two competent guarantors acceptable to bank. - Processing Charges :
0.50% of loan amount applied. - Shareholding :
2.50% of loan amount - Documents Required :
I. KYC : Latest Photograph, Photo Identity Proof, Residence proof of the Applicant and Guarantors
II. Last 3 years ITR & profit & loss, balancesheet, bank statement of business account for last 6 months.
III. Other documents required by bank as per the proposal.
