Business Loan

  Bank pioneered in sanctioning project loan (Working Capital) for execution of Govt. Projects. Such cash credit a/c need to be backed by co-lateral security and conditions apply for sanction of such cash credit facilities.

Benefit of Business Loan

• Type of Loan : Cash Credit /term Loan /od
• Purpose : Working Capital.
• Maximum Loan Limit : 2 5 lakhs.
• Repayment : On demand (renewable every year).
• Margin : As per Banks policy from time to time.
• Rate of Interest : As per Bank B.O.D.

Eligibility

1. Who can borrow : Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies.
2. Loan Amount : Need based – within the bank’s exposure limit.
3. Security : Pledging of FDs/LIPs and mortgage of immovable property.

Document Required

Duly filled in application form signed by the customer :

• KYC Documents - Business Proof.
• KYC Documents - (Applicant & Guarantor).
• Relevant financial documents - ITR/P&L /Balance Sheet ( Applicant & Guarantor).
• Stock Statement / Work Order List.
• Bank account statement of last 6 months.
• Photograph.

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