Eligibility
  • Individuals/Groups of Individuals/Company/Co-operative Society engaged in a Small & Medium Scale Enterprises
   
Sanction Limit
  • Working Capital - Need Based
  • Term Loan - 75% of the proforma invoice
   
Repayment period
  • Tailor made to suit your needs - maximum 84 months
  • No pre-payment penalty
   
Rate of interest
   
Security
  • Hypothecation/Mortgage of Assets acquired out of Bank Finance
  • Two guarantors
  • Other security on a case to case basis
   
Documents Required
  • Proof of Residence - Photocopy of Ration Card/Electricity Bill/Telephone Bill
  • Proof of Income - Last 3 years Statement of Accounts/Tax Returns
  • Documentary evidence for the purpose of the loan
  • Other documents on a Case to Case basis