BUSINESS LOAN

Whether you're expanding your business or setting up a start-up, our Business Loans will provide with you a firm foundation. Packed with a wide range of benefits, your loan will be customized to your business requirements.

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Eligibility

  • Individuals or Firms providing any service
  • Professionals & self-employed persons
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Sanction Limit

WORKING CAPITAL - Need Based

TERM LOAN - 75% of the Performa Invoice

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Repayment Period

84 months

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Security

  • PREMISES
    Mortgage of premises purchased by bank finance
  • WORKING CAPITAL
    Charge over current tangible/intangible assets available
  • MACHINERY
    Hypothecation of machinery purchased
  • One Surety
  • Any other security that may be deemed necessary by the bank
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Rate of Interest

  • PLR i.e.12.00% (Concession upto 175 bps based on internal rating)

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Documents Required

  • Prescribed loan application form
  • Latest Photograph, Photo ID proof and Residence proof of Applicant
  • I.T. returns for last 3 years (business / self-employed)
  • Bank statements for last 12 months (Business / Miscellaneous accounts)
  • Synopsis of the Business
  • Stock and Book Debts statement (in case of CC/OD)
  • Property related documents
  • Proforma Invoice of the Machinery / Equipment to be purchased

LOAN PRODUCTS

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Business Loan

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Scheme for Commercial Transporters

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Pragati Scheme

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Lease Rental Discounting

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Housing Loan

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Personal Vehicle Loan

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Surety/Consumer Loan

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Doctor Care

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Loan Against NSC / KV

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Loan Against Shares and Units of Mutual Funds

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Loan Against Bank Deposit

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Loan Against Insurance Policy

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Gold Loan

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Education Loan

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Travel Loan

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Reverse Mortgage Loan - Aashraya

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Loan Against Property

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Super Bike Loan

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MSE 100

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ccbl@citizencreditbank.com

Citizencredit Co-operative Bank Ltd.
CITIZENCREDIT CENTRE
CTS No:236, Marve Road, Orlem,
Malad (W), Mumbai 400064

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