| |
| Eligibility |
- Individuals/Groups
of Individuals/Company/Co-op. 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
|
|
|
|
|
| Rate
of interest |
|
|
- Calculated
on the daily reducing balance of the loan
|
|
|
| Security |
- Hypothecation/Mortgage
of Assets acquired out of Bank Finance
|
|
|
|
- Other
security on a case to case basis
|
|
|
| Documents
Required |
- Proof
of Residence - Xerox copy 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
|
