Eligibility
  • Salaried individuals in permanent employment
  • Professionals & self employed persons
   
Sanction Limit
  • Loan Upto Rs.1.00 lakhs-100% of invoice value of items to be purchased
  • Loan Above Rs.1.00 lakh and below Rs.2.00 lakhs-85% of invoice value to be purchased.
   
Repayment period
  • 3 to 4 years
  • No pre-payment penalty
   
Rate of interest
   
Security
  • Asset/s being financed/purchased to be hypothecated (where applicable)
  • Cheques from Business and Salary Accounts to be held on record.
  • Surety of two individuals acceptable to the bank
   
Documents Required
  • Proof of Residence - Photocopy of Ration Card/Electricity Bill/Telephone Bill
  • Proof of Income - Salary Slip or Last 3 years Balance Sheets/Tax Returns
  • Proforma Invoices of the articles to be purchased