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Home / Loan / PRODESK OD – Professional Desk Expenses Overdraft Scheme
Loan Details

PRODESK OD – Professional Desk Expenses Overdraft Scheme

Overdraft facility for professionally qualified persons to meet their professional office expenses.

Purpose

  • To provide overdraft facility to professionally qualified persons engaged in providing professional services for making payment of rent, bills, salaries, office expenses, etc.

Quantum of Loan / Amount

  • Maximum limit up to Rs.5.00 lakh

Margin

  • NIL

ROI

Interest Rate 8.95% per annum at monthly rests.

Documents / Income Proof

  • GST Registration Certificate
  • UDYAM Registration
  • Three years’ Income Tax Returns
  • GST Returns of the last financial year
  • List of administrative expenses

Security

  • NIL

Surety

  • One surety which is good for the loan amount.

Tenure / Repayment

  • For 12 months (limit shall be renewed for further period for 12 Months subject to performance/turnover in the past 12 months).

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