Business Loan / Mortgage Loan

OVERVIEW

Avail Business loan and use it for - New or existing business setup, business expansion, purchase or construction of business premises and various other leagal reasons.

This can be avail by Individual Person, Partnership Firm or Company.

Rate of Interest :  14 % / 13% 

Features & Benefits : 

1. Financial Assistance on basis of Salary, Business or Professional Income
2. Guarantee based loan
3. Loan Repayment : Daily payment / Cheque / EMI / ECS
4. Loan limit : 50 % of Property Value or Rs. 25 Lacs whichere is less
5. Loan repalyment period : upto 120 months depending upon age of applicant

Eligiblitity : 

1. Loan can be given only to Member of the society
2. Applicant should have confirmed service with financially sound organization
3. Business person should have establishment of business
4. Applicant should have adequate income available for installment

Documents required : 

1. Residential Proof of Applicant(s) & Guarantor(s)
2. ID Proof Applicant(s) & Guarantor(s)
3. Income Proof Applicant(s) & Guarantor(s) (Salary slips, ITR copies)
4. Bank Statement for last 6 months Applicant(s) & Guarantor(s)
5. Business Proof Applicant(s) & Guarantor(s)
6. Property Papers with Proper building permission and it should have legal title

*Term & Conditions apply