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DEPOSITE LOAN FORM TENDER

BUSSINESS LOAN


Bussiness loan is a specially intended for a bussiness purpose.As with all loans,it involes the creation of a debt, which will be repaid with added intrest.

There are a number of different types of bussiness loans,including bank loans,asset-based finacing ,invoice finacing ,maicro loans, bussiness cash advances and cash flow loans.

TERMS

Click on the buttons inside the tabbed menu:

Sailent Features

  1. Who are not in a position to maintain detailed stock books & submit stock statement on monthly basis.
  2. Turnover method is adopted for Working Capital
  3. Un-audited Financial Statements are accepted
  4. OD upto Rs.5.00 lakhs
  5. OCC up to Rs.10.00 lakhs

Purpose

Working Capital loan for Trading / Business

Eligibility

Traders / Businessmen

Interest Rate

  1. Up to Rs.5.00 lakh Secured OD
  2. Rs.5.00 lakhs to Rs.10.00 lakhs W/c for OCC

Margin

  • 25%

    • Repayment

    1. Tenable for two years
    2. Hypothecation of assets created out of loan
    3. Co-obligation/guarantor

    Stock Statement

    Once in 6 months.

    Security

    Collateral securities like mortgage of immovable property (NA property) /LIC Policies/KVP/NSC

    Insurance

    For both stock+ collateral

    *All other Terms & Conditions Applied. For more information please contact our Branch nearest to you.