Business Loan

Apply For Loan

Scheme Name

Business Loan

Purpose of the Loan

To meet the business goals

Eligibility

Minimum Annual Income- 1.2 Lakhs.

Margin

For loans up to Rs. 1Cr.- 70% of the value of the respective property

For loans above Rs. 1 Cr.-75% of the value of the respective property

Repayment method

A maximum repayment period of 5 years.

Rate of Interest

18.00%

Security

Property Documents

Processing Fees

3-5% of the loan amount + GST.

Guarantor

Two guarantors of good means.

Applicant

Address Proof (Passport / Aadhar Card /Driver’s Licence / Voters ID)

Income Proof - 3 Months' Salary Slips / 3 Year ITR

Bank Statements for last 6 months of main operational/salary bank account

Company ID Card / Shop Act

Light Bill Photo Copy

Passport Size Photograph

Guarantor

Photo, Photo ID, Residence proof, Income Proof