Eligibility

• Professionals / Businessmen / Retail Traders / Small Business

Quantum

Maximum – Rs. 50 lakhs

Sanction Limit

75% of Eligible Stock and 60% of Eligible Debtors

Requisite margin on Equipment / Assets purchased

Repayment Period

Upto 84 months

Repayment

TERM LOAN: Payable in Monthly subject to change at Bank's Discretion

CASH CREDIT: On demand (Generally sanctioned for a period of 12 months subject to review)

Security

• For Cash Credit - Hypothecation of Stock & Book Debts
• For Term Loan - Hypothecation / Mortgage of Fixed Assets purchased
• One surety

Collateral

• LOANS BELOW Rs. 10 LAKHS
  No Collateral Security
• LOANS BETWEEN Rs. 10 LAKHS - Rs. 25 LAKHS
  25% Collateral Security
• LOANS ABOVE Rs. 25 LAKHS - Rs. 50 LAKHS
  50% Collateral Security
• Life to be insured of the applicant to the tune of loan amount and the same to be assigned to the Bank