Business loans are the foundations of any business. Businesses need capital, either to fund activities or simply to start up a venture and begin turning a profit.
Purpose of the Loan
To Satisfy the emergency needs.
The applicant should satisfy the KYC Guidelines.
Quantum of Loan
Minimum- Rs. 05K
Eligible loan limit
Rs.---------- per gram of 22-carat gold ornament or 75% of the market value of the net weight of the gold ornaments excluding stones on the jewelry. Note The finance scale will be reviewed from time to time.
Repayment Method - Installments - ( Max. 12 months) Margin- 30% In Other cases Margin - 25%
A maximum repayment period of _ years.
Rate of Interest
0.4 - 0.6% of the loan amount + GST.
No guarantor Required.
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