Loan Page

Bussiness Loan

Title	Norms
Loan Purpose	New business establishment or renovation of an existing business.
Maximum Loan Limit	Rs. 25,00,000
Maximum Repayment Period	120 months (10 years)
Repayment Mode	Monthly
Rate of Interest (p.a.)	12% to 13%
Penal Interest	2% extra on the default amount
Eligibility	A/D Class Membership
Security	Personal Surety : Maximum Rs. 50,000 Employee Surety : Maximum Rs. 1,00,000 Property : Maximum Rs.25,00,000
Document Required	Licences from authorities,Project report and Security Documents