Features

• Rate of Interest : 11.25%

Eligibility

Who can borrow :

Individual, Firm engaged in trade, commerce & business professionals, Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies.

• Employees of reputed and financially sound organization.
• Should be on Payroll of the Company. Confirmed service for at least one year.
• Three months latest Salary Slip and six months Bank statement of salary account.
• Loan amount eligible upto 65% of take home salary after deducting of all existing EMI’s
• Salary Undertaking from the company

Prime Security:

• First charge on the fixed assets acquired through the loan amount

Collateral Security :

• If required, on case to case basis.

Guarantors :

• Two Financial strong Guarantors Required.

Documents

Duly filled form with :

• Income proof of Applicant and Guarantors
• Residential Proof of Applicant and Guarantors
• PAN card of Applicant and Guarantors
• KYC of Applicant and Guarantors
• Business establishment proof
• Three years latest ITR
• 10 PDC cheques