Professional Loan Scheme

This Scheme is available for Doctors, Chartered Accounts& Cost Accountantetc.

Minimum 25% margin required.
The repayment will be Maximum 180months.
Own Property, Machinery will be treated as primesecurity and if borrower had LIC Policies, assignment policies will be treated ascollateral security.
Interest Rate
Interest Rate will be @11.75% for first 3 Years if borrower having I.T.Returns field as per books of accounts, other borrowers will be charged the interest @13.75% p.a. The Interest rate after completion of 3 Years will be linked with PLR. The   PLR will be declared at Annual rest.
Required Documents
1. Machinery Quotation/Estimate of Construction/Copy of Agreement to Sale.
2. Deposit Margin in savings account.
3. Last 3 Years Financial statements with I.T.Returns.
4. Two Guarantors & their Income related documents& property related documents.
5. LIC policy & Borrower business related documents.
6. KYC documents of Borrower & Guarantors
Loan Handling Charges
1.Loanup to Rs50,000/- Rs.150/-
2.Loanabove Rs50,001/- to 1 lakh Rs.200/-
3. Loan above Rs.1 lakh Rs.200/- per lakh.
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