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Purpose
Term loan/Working Capital finance for professionals/self employed to set up office premises/hospitals/dental clinics/pathological laboratories/purchase of machinery & equipments / Vehicle etc.
Eligibility
Professional like Doctors, Charter Accountants, Engineers, Architect, Consultants and other self employed
Loan Maximum Limit
Unsecured loan upto Rs. 5,00,000/-(conditions apply)
Secured loan maximum limit depends upon repayment capacity of applicant & subject to maximum as per RBI guidelines
Security
Mortgage of Property/Hypothecation of machinery/stock /Vehicle etc.
Term of Repayment
Term Loans: Upto 60 months.
Working Capital Limit: 12 months
Margin
Term Loans: 10 to 25% depending upon each case
Cash Credit: 30%
Rate Of Intrest
Term Loans: 13.5% p.a. at monthly rest
Working Capital Limit: 13.5% to 14.5% at monthly rests
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