Services

Professional Loan

  • Vidya Sahakari Bank Ltd. - 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 :
    13.5%
  • Security Prime / Collateral :
    Hypothecation of Machinery, Instruments etc.
    Equitable / Registered mortgage of immovable property
  • Guarantee :
    Two competent guarantors acceptable to bank.
  • Processing Charges :
    0.50% of loan amount applied.
  • Shareholding :
    2.50% of loan amount
  • Documents Required :
    I. Latest Photograph, Photo Identity Proof, Residence proof of the Applicant and Guarantors
    II. Last 2 years profit & loss,balancesheet, ITR copies of last 3 years and bank statement of business account for last 6     months.
    III. Other documents required by bank as per the proposal.
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