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.