Business development loan

Business Development Loan

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Business development loan
Who can Borrow Individual/proprietorship, partnership firms, limited liability partnerships, companies etc.
Purpose For overcoming expenses incurred by borrowers engaged in business/profession/trade for acquisition of commercial premises [acquired on Pagdi/Lease Basis], renovation & repairs to be carried out at existing factory/commercial premises from wherein business is conducted, Purchase of Raw Material/ Machinery/Equipment’s, Payment to Sundry Creditors, Payment of Unsecured loans[as reflected in audited balance sheet], take-over of credit facilities availed for business purpose from other banks /FI/NBFC’s.
Security Immovable Property  such as flat/shop/Industrial Gala /land along with House/Row house/Land along with factory premises etc.having all requisite permissions from competent authorities owned by the proprietor /firm /partner /Co’s/director in personal capacity
Margin 25% / 40% [Realizable Value of the security offered].
Rate of Interest

10.25% p.a **
Repayment Maximum 120 months
Processing Fees As per our service charges applicable
Basic Documents
  1. 1. KYC documents of Borrowers and Guarantors.
    2. Property documents of the security.
    3. Filed ITR along with Financial Statements for the last 3 years.
    4. GSTR returns for last and current year.
    5. Business account statement for the last one year.
    6. Udyam Registration Certificate.
    7. End Use Of Fund.
Professional loan
Who can Borrow Doctors, Chartered Accountants, Cost Accountant, Company Secretary, Architect.
Purpose For purchase of Premises for business / renovation of premises, Machinery, New Software Technology, Working Capital
Security On Case to Case Basis based on the End Use of Fund.
Margin On Case to Case Basis based on the End Use of Fund.
Rate Of Interest 8.75 % p.a **
Repayment On Case to Case Basis based on the End Use of Fund
Processing Fees As per our service charges applicable
Basic Documents
  1. 1. KYC documents of Borrowers and Guarantors.
    2. Property documents of the security.
    3. Filed ITR along with Financial Statements for the last 3 years.
    4. GSTR returns for last and current year.
    5. Business account statement for the last one year.
    6. Udyam Registration Certificate.
    7. End Use Of Fund.
    8. Professional Certificate.
Ornament Loan/COD
Who can Borrow Small Traders/Businessmen/Professionals/Self Employed Persons/individuals
Purpose To meet working capital requirement
Limit For Bullet Payment- Limit upto Rs. 2.00 lacs.
Security Pledge of Gold Jewellery with fineness of 22 ct. to 24 ct.
Margin 25 % of assessed value of Gold.
Rate of Interest 7.95 % p.a
Repayment 12 months from date of disbursement.
Processing Fees As per our service charges applicable
Basic Documents
  1. KYC documents of Borrowers and Guarantors.
  2. Salaried: Salary Slips & Form 16 along with Salary A/c Statement for last o months.
  3. Business: Copies of IT returns for last 3 years along with Financial Statements along with Business A/c statement for last one year.
  4. Commercial Activity Proof/ License/registration etc.
ODCC Limit / CC limit
Who can Borrow Proprietorship concern/Partnership firm/ Limited Liability Partnership/Private Limited company
Purpose To meet working capital requirement
Securities(Prime and Collateral) Immovable Property such as flat/shop/Industrial Gala /land along with House/Row house/Land along with factory premises etc. having all requisite permissions from competent authorities owned by the proprietor /firm /partner /Co’s/director in personal capacity Stock/BD and other Current assets
Margin 25% /40% ON Realizable Value
Rate of Interest 10.00% p.a.**
Repayment Annual review
Processing Fees As per our service charges applicable
Basic Documents
  1. 1. KYC documents of Borrowers and Guarantors.
    2. Property documents of the security.
    3. Filed ITR along with Financial Statements for the last 3 years.
    4. GSTR returns for last and current year.
    5. Business account statement for the last one year.
    6. Udyam Registration Certificate.
Machinery Loan
Who can Borrow Individual/proprietorship/partnership firms, limited liability partnerships, companies etc.
Purpose Finance under the scheme can be granted for one or more of the following purposes:
Installation of new plant & machineries.
Installation of old plant & machineries.
Creation of new/additional assets in the form of plant & machineries in the existing
Security Prime Security- Hypothecation of Machinery Collateral Security- Case to case basis will be obtained in the form of mortgage or stamped undertaking along with negative lien of immovable property/ pledge of TDR/NSC/KVP etc.
Margin * 25% of the Proforma Invoice /Quotation
* 50%of Valuation (in case of second hand Machinery)
Repayment Maximum :84 months
Rate of Interest 09.25 % p.a. **
Processing Fees As per our service charges applicable
Basic Documents
  1. 1. KYC documents of Borrowers and Guarantors.
    2. Quotation from authorized dealer duly signed by both the parties.
    3. Filed ITR along with Financial Statements for the last 3 years.
    4. GSTR returns for last and current year,
    5. Business account statement for the last one year.
    6. Udyam Registration Certificate.
Purchase of Shop Industrial Gala
Who can Borrow Individual/proprietorship, partnership firms, limited liability partnerships, companies etc.
Purpose Purchase of Commercial Premises
Limit 75% of (AV+ Stamp duty & Registration )
Security Immovable Property which is to be created from loan amount.
Margin 10% (90% of Agreement Value excluding Stamp duty & Registration ) OR 20% (80% of Construction Cost)
Rate of Interest 8.60 % p.a **
Repayment Maximum 120 Months
Processing Fees As per our service charges applicable
Basic Documents
  1. 1. KYC documents of Borrowers and Guarantors.
    2. Chain of Agreement along with permissions from competent authority of the Shop/Industrial Gala.
    3. Filed ITR along with Financial Statements for the last 3 years.
    4. GSTR returns for last and current year.
    5. Business account statement for the last one year.
    6. Udyam Registration Certificate.