Professional Loan

To provide security based finance with reduced paper work and simplified procedure to the small traders/ service sector.

* "Conditions Apply. Loan at sole discretion of the Bank." SMS 'LOANS' to 70659 66665

Cash Credit Rs.5.00 Lakh and above
Term loan upto Rs.100.00 Lakh.

Traders of high repute, grain dealers distributors of domestic appliances, dealers in consumer goods, automobile etc. and Service Sector like travel tourism agencies, cyber cafes, hotels etc.

CC/OD:
Hypothecation of stock/book debts.

Term Loan:

Hypothecation of Plant & Machinery purchased out of loan
Equitable Mortgage of office premises / gala.

Collateral ( Minimum 50% of the limit )

Pledge of FDR, NSC's Govt. Bonds, LIC Policy etc.

Subscription to Bank's Share - Membership: 1% of Loan Amount.

MINIMUM DOCUMENTATION
KYC
Financial Documents
Any other documents required by the Bank.

In adherence with RBI Notification no. DoR.MCS.REC.28/01.01.001/2023-24 dated 18/08/2023,
Penal charges for delay in payment of interest/ instalment , non-compliance or delay in compliance of critical terms of sanction and takeover of loan by other bank/ NBFC would attract penal charges @ 3.25% on the sanction amount in case of Working Capital limit and on the outstanding amount in case of term loan limit.

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