Eligibility

Professionally qualified persons such as medical practitioners, dentists, advocates, architects, chartered accountants, cost accountants, engineers, company secretaries, IT consultants, and other professionals engaged in person/association/firm involved in independent practice.

Security

One surety (Spouse could be accepted as surety)

Overdraft Limit

Maximum limit up to 5.00 lakh (Unsecured).

Rate of Interest

8.95% per annum at monthly rests.

Tenure

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

Processing Fees

0.50% of the limit, minimum 1,500, plus applicable GST.

Share Contribution

5% of the sanctioned limit

Documents Required

GST Registration Certificate, UDYAM Registration, three years' Income Tax Returns, GST Returns of the last financial year and List of administrative expenses