- Term Loan.
- To provide working capital term loan finance to small traders/vendors
Min: Rs.10,000 (Rupees Ten Thousand only)
Max: Rs.3,00,000 ( Rupees Three Lacs Only)
- Existing Small businessmen/ traders/vendors.
- Existing Businessmen Should have been in existence for at least two Years.( Existence of the units to be verified by the concerned Branch)
- Should not be availing any credit facility from any financial institution/ bank for existing business activity.
- Outlook for the sector/s in which the firms are involved should not be negative.
- Borrowers’ residence/place of business establishment shall fall within the service area of the branch through which the loan is disbursed.
Hypothecation of stocks existing as well fresh to be purchased & Book debts.
Loans upto Rs.50,000 shall be allowed on personal guarantee of the Borrowers.
Third Party guarantee of two persons of sound means against loans above Rs.50000 shall be obtained.
- 25% of paid up stocks and book debts
- 5 years (60 months).