Professionals and Self Employed

Professionals and Self Employed

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 Interest

Term Loans:                 13.5% p.a. at monthly rest

Working Capital Limit:   13.5% to 14.5% at monthly rests

For further details about the scheme you may visit  any of our Branches or call the Branch Manager.

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