Professional Loan

To provide security based finance with reduced paper work and simplified procedure to the small traders/ service sector. Share Subscription As applicable * Terms and conditions apply Guarantors : Two

* "Conditions Apply. Loan at sole discretion of the Bank." SMS 'LOANS' to 70659 66665

Cash Credit Rs.5.00 lacs and above, Term loan upto Rs.1 crore.

Traders of high repute, grain dealers distributors of domestic appliances, dealers in consumer goods, automobile etc. and Service Sector like travel tourism agencies, cyber cafes, hotels etc.

Primary Cash Credit Hypothecation of stock/book debts

Term Loan

Hypothecation of Plant & Machinery purchased out of loan
Equitable Mortgage of office premises / gala.

Collateral ( Minimum 50% of the limit )

Pledge of FDR, NSC's Govt. Bonds, LIC Policy etc.

1. Last 3 years audited balance sheet/income expenses statement of the shop firm/company.

2. Last 3 years income tax returns copies of owner/proprietor.

3. Partner/director/shop establishment license/permit/sales tax returns.

4. List of suppliers (Creditors).Partner/director/shop establishment license/permit/sales tax
returns.

5. Attested Xerox copy of Ration card / PAN card / Electricity Bill / Telephone Bill.

6. Stock and book debt statements for last month. (format to be given by Bank).

7. Passport size Photographs.

8. Any other documents required by the Bank.

Apply