Repayment on EMI basis

Maximum repayment period up to 144 months

Interest charged monthly with rebate facility

Processing fee 1% + GST

Machinery, LIC Policy, Immovable Property, Fixed Deposit etc.

For loan above ₹10 Lakhs, immovable property is mandatory

Residential, commercial or industrial mortgage property accepted

Working capital requirements

Business expansion and operational purposes

Purchase of fixed assets and machinery

Payment of business dues and liabilities

Loan must be utilised only for the sanctioned purpose

All or proportionate borrower transactions should be routed through our bank account

Property ownership papers such as Purchase Deed, Lease Deed, Gift Deed, 7/12 and Property Card are required

Search report, validity certificate and valuation report from bank-approved panel experts are mandatory

Business permissions and registration documents should be submitted

Loan eligibility is decided based on last 3 years income, existing EMI obligations and business turnover

CMA data and project report may be required if applicable

Guarantor should be a regular or nominal member of the bank

Secured property must be covered under comprehensive insurance for full value