PRAGATI SCHEME

Be your own boss! Under the Pragati Scheme, you can invest in making your business idea a reality. Our financial experts will guide you through the loan sanctioning process and ensure that your entire entrepreneurial venture is secure.

icon

Eligibility

  • Professionals / Businessmen / Retail Traders / Small Business
icon

Quantum

Maximum – Rs. 50 lakhs

icon

Sanction Limit

75% of Eligible Stock and 60% of Eligible Debtors

Requisite margin on Equipment / Assets purchased

icon

Repayment Period

Upto 84 months

icon

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)

icon

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
icon

Rate of Interest

  • At 0.25% below PLR i.e 11.75% p.a. at present
    (subject to change at Bank's discretion)

icon

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 / Salary Accounts)
  • Synopsis of the Business
  • Stock and Book Debts statement
  • Performa Invoice of the Equipment / Assets to be purchased

LOAN PRODUCTS

icon

Business Loan

icon

Scheme for Commercial Transporters

icon

Pragati Scheme

icon

Lease Rental Discounting

icon

Housing Loan

icon

Personal Vehicle Loan

icon

Surety/Consumer Loan

icon

Doctor Care

icon

Loan Against NSC / KV

icon

Loan Against Shares and Units of Mutual Funds

icon

Loan Against Bank Deposit

icon

Loan Against Insurance Policy

icon

Gold Loan

icon

Education Loan

icon

Travel Loan

icon

Reverse Mortgage Loan - Aashraya

icon

Loan Against Property

icon

Super Bike Loan

icon

MSE 100

Stay Updated

From our new features to promotional announcements,
get the latest on what we are up to.

How can we help you?

If you have any questions and you can't find the answer on our website, give us a call or message us.

26442829 / 26442830 / 26442831

ccbl@citizencreditbank.com

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

Hi! My name is

I have a query about

You can reach me at

or