Business Loan
Introduction
For any business to succeed, the availability of funds throughout its life cycle is of paramount importance. We offer a wide range of services to meet all the banking requirements of small and medium enterprises. The limits are fixed keeping in view the enterprise's need for funds against the value of the security, margin available and credit worthiness of the borrower's enterprise.
Rate of Interest
| Sr.No. | Loan Type | Interest Rate |
|---|---|---|
| 1. | C.C. Of Non Farm Sector | 12.00% |
| 2. | Cash Credit Industrial | 12.00% |
| 3. | M.T. Processing Central Warehouse Scheme | 10.50% |
| 4. | M.T.INDUSTRIAL Weighbridge (धर्मकाटा) | 12.00% |
Benefits
- Simple procedure, minimal documentation and quick approval.
- For purchasing business premises (shop/office/ gala)
- For any other business purpose.
- For working capital.
Documents Required
- Account Statement / Passbook for verification.
- Three Photograph of Borrower & Guarantors.
- Aadhar card of borrower and Guarantors.
- Ration card of borrower and Guarantors.
- Electricity Bill of borrower and Guarantors.
- Quotation of consumer durables or proposed expenses.
- Any other documents required by the Bank.
- Loan Application Form in prescribed format.
Terms And Conditions
- Equitable Mortgage of the property to be financed, by way of deposit of title deeds.
- Bank reserves the right to reject any application without assigning reasons thereof.
- The applicant will undertake to inform the Bank as and when there is a change in address or employment.