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Loan Details
Personal Loan Scheme for Businessmen
Financial support for businessmen to meet genuine personal and business requirements.
Purpose
- To meet personal requirements of businessmen such as medical expenses, education expenses, marriage expenses, household requirements, travel expenses, and other genuine personal needs.
Quantum of Loan / Amount
- Up to Rs.1.00 Lakh
- Up to Rs. 2.00 Lakhs (Note: The said amount should be utilized only for business purpose
Margin
- NIL
ROI
Interest Rate
12.00% p.a at monthly rest.
Documents / Income Proof
- Loan Application Form duly completed.
- KYC Documents (PAN Card, Aadhaar Card, Address Proof).
- Recent Passport Size Photographs.
- Business Proof (GST Registration, Shop & Establishment Certificate, Udyam Registration, Trade License, etc.).
- Bank Account Statement for the last 6 months.
- Income Tax Returns for the last 2 years (if applicable).
- Guarantors' KYC Documents and Income Proof.
- Any other documents as required by the Bank.
Security
- NIL
Surety
- Two guarantors having repayment capacity and acceptable net worth, good for the loan amount.
Tenure / Repayment
- Up to 5 Years (60 Months)
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