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 :
- 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.