Term Loan is granted to purchase of Office / shop, construction of hospitals equipment / instruments, furniture-fixtures etc.- Working capital Limits can be availed to take care of daily working funds need.
- Exposure limit to single borrower is up to RS 375 Lac and group up to 600 Lac.
- Margin varies for Term Loan and Working Capital Finance ranging 25–40%.
- Term Loan repayment depends on generation of revenue / income from profession.
- Working Capital is repayable / renewable based on funds requirement.
- Two acceptable sureties required.
- The applicant has to become the Shareholder / Member of the bank.
- Condition Apply.
Professionals & Self Employed Person Loan
