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Business Loans

RETAIL TRADE
S.No PARAMETERS PARTICULARS
1 Purpose For working capital requirements and for acquiring premises or furniture/show cases and office equipment.
2 Eligibilty Individuals /Partnership firms, consumer co-operative stores engaged primarily in buying and selling of goods
3 Quantum of Advance Minimum – No Limit
Maximum – Rs.100.00 lakh
4 Applicant’s Margin Upto 25%* of Unit cost evidenced by Bills/Quotations
5 Rate of Interest As per Bank’s internal guidelines issued from time to time
6 Repayment period 60 to 84 Equated monthly instalments
7 Processing charges Upto Rs.10.00 lakh 1.50% of loan amount with a minimum of Rs.500
Above Rs.10.00 lakh to Rs.50.00 lakh Rs.15000 + 1% of loan amount above Rs.10lakh
Above Rs.50.00 lakh to Rs.100.00 lakh Rs.55000 + 0.75% of loan amount above Rs.50lakh
8 Disbursement Total loan amount along with applicant’s margin will be paid directly to the supplier through DD/Pay Order/NEFT as per Quotation submitted.
9 Guarantee Sufficient third part guarantee with worth not less than 150% of loan amount shall be obtained if loan amount exceeds Rs.50000/-
10 Penal Interest 2.00% over & above exisiting ROI
11 Security Collateral security 150% of bank loan amount by way of liquid assets or immovable property where the bank loan amount exceeds Rs.1.00 lakh
12 Insurance Comprehensive insurance of the primary/collateral Security with bank clause should be obtained.

*Terms and Conditions apply.

S.No PARAMETERS PARTICULARS
1 Purpose For working capital requirements and for purchase of necessary equipment, repairing or renovating the existing equipment, acquring or reparing the premises, purchasing tools.
2 Eligibilty Individuals /Partnership firms providing any kind of service other than professional services are eligible. Ex Hotels, Cycle & Taxi, Tea Stall, Photostat, PCO, Pickle making, Saloons etc…
3 Quantum of Advance Minimum – No Limit
Maximum – Rs.100.00 lakh
4 Applicant’s Margin Upto 25%* of Unit cost evidenced by Bills/Quotations
5 Rate of Interest As per Bank’s internal guidelines issued from time to time
6 Repayment period 60 to 84 Equated monthly instalments
7 Processing charges Upto Rs.10.00 lakh 1.50% of loan amount with a minimum of Rs.500
Above Rs.10.00 lakh to Rs.50.00 lakh Rs.15000 + 1% of loan amount above Rs.10lakh
Above Rs.50.00 lakh to Rs.100.00 lakh Rs.55000 + 0.75% of loan amount above Rs.50lakh
8 Disbursement Total loan amount along with applicant’s margin will be paid directly to the supplier through DD/Pay Order/NEFT as per Quotation submitted.
9 Guarantee Sufficient third part guarantee with worth not less than 150% of loan amount shall be obtained if loan amount exceeds Rs.50000/-
10 Penal Interest 2.00% over & above exisiting ROI
11 Security Collateral security 150% of bank loan amount by way of liquid assets or immovable property where the bank loan amount exceeds Rs.1.00 lakh
12 Insurance Comprehensive insurance of the primary/collateral Security with bank clause should be obtained.

*Terms and Conditions apply.

S.No PARAMETERS PARTICULARS
1 Purpose
  • Purchase/repair/renovation of equipment, purchase of tools.
  • Acquiring/repair/renovation of premises.
  • To meet working capital requirements.
2 Eligibilty Doctors, Lawyers, Chartered accountants, Engineers, Architects, Tax Consultants etc..
3 Loan Quantum Minimum – No Limit
Maximum – Rs.100.00 lakh
4 Applicant’s Margin Upto 25%* of Unit cost evidenced by Bills/Quotations
5 Rate of Interest As per Bank’s internal guidelines issued from time to time
6 Repayment period 60 to 84 Equated monthly instalments
7 Processing charges Upto Rs.10.00 lakh 1.50% of loan amount with a minimum of Rs.500
Above Rs.10.00 lakh to Rs.50.00 lakh Rs.15000 + 1% of loan amount above Rs.10.00 lakh
Above Rs.50.00 lakh to Rs.100.00 lakh Rs.55000 + 0.75% of loan amount above Rs.50.00 lakh
8 Disbursement Total loan amount along with applicant’s margin will be paid directly to the supplier through DD/Pay Order/NEFT as per Quotation submitted.
9 Guarantee Sufficient third part guarantee with worth not less than 150% of loan amount shall be obtained if loan amount exceeds Rs.50000/-
10 Penal Interest 2.00% over & above exisiting ROI
11 Security Collateral security 150% of bank loan amount by way of liquid assets or immovable property where the bank loan amount exceeds Rs.1.00 lakh
12 Insurance Comprehensive insurance of the primary/collateral Security with bank clause should be obtained.

*Terms and Conditions apply.

S.No PARAMETERS PARTICULARS
1 Purpose
  • For Purchase of sophisticated equipment like brand-new electro medical, diagnostic, X-ray Machines, MRI etc. including operation theatre, air conditioners, generators, Ambulance for Clinic/Hospital etc & also Equipment for Scanning centers/Polyclinic/ Laboratories etc and other machinery to be installed at hospital premises.
  • For Acquistion of premises and/or for setting-up of clinic/hospital in own site or purchase of site and constuction of hospital/Clinic thereon, furnishing and cost of medicines. Expansion/Renovation/Modernisation of existing premises.
2 Eligibilty

Individuals :

  • All practicing qualified medical practitioners holding a recognized graduate degree with minimum practicing experience of one year in the age group of 25 years to 65 years in any branch of medical science.
  • Exit Age of the applicant/co- applicant for the loan/advance should not cross 70 years in case of individuals.

Non-Individuals :

Firms engaged in medical profession (including Companies / LLP / Partnerships / Trusts / Society) in which atleast 50% of stake holding should be of medical practitioners (Except Trust/ Society) where age of medical practitioners will be considered. For Trusts/Society At least one of the trustees / members of the Society must be a medical practitioner.
3 Nature offacility & Quantum of Advance Term loan/Working Capital
Minimum –Rs.5.00 lakh
Maximum – Rs.500.00 lakh
4 Assessment and Margin
  • Term loan:
    -For Purchase of Equipment & Vehicle:15%
    -For Construction / Acquisition of premises (Including / Expansion / Renovation / Modernization of Existing premises):35%
    Wherever the loan is for Purchase of Site and Construction of Hospital/ Clinic, financing the Cost of Land/ Site shall be restricted to 30% of the Total Project Cost.
  • Working Capital: Upto 25%*
5 Rate of Interest Term Loan Working Capital
As per Bank’s internal guidelines issued from time to time As per Bank’s internal guidelines issued from time to time
6 Repayment period Term loan : Maximum 120 Equated Monthly Installments (EMI). For new construction – Maximum 180 months period including 24 months moratorium period.
Working Capital : Limit review/renew for every 2 years.
7 Processing charges Term Loan Working Capital
1.00% of loan + GST 0.50% p.a + GST
8 Security
  • Loans Covered under CGTMSE
Primary Security Collateral Security
Primary Security in the form of Hypothecation / Charge of assets purchased / created out of bank’s finance. Eligible Loans upto Rs.50.00 Lakhs to be covered under CGTMSE, as applicable. Hybrid Model of CGTMSE may also be utilized.
  • Loans with out CGTMSE coverage
    • a) In case of purchase of equipment/machinery/vehicles etc:
Primary Security Collateral Security
Hypothecation of assets purchased / created out of bank’s finance (irrespective of quantum of loan) Minimum Collateral requirement is 40% of the loan amount.
    • b) Acquisition /Expansion / renovation of premises:
Primary Security Collateral Security
Mortgage of land and building for which advance is given, in case of acquisition and mortgage of land and building where expansion / renovation is proposed. MinimumCollateral requirement is 30% of the loan amount.
The sanctioning authority may stipulate hypothecation of existing / future movable assets as security on a case to case basis over and above the mortgage of land and building. In case of Mortgage of Land & Building (in the subject scheme), Primary Security Value over and above our Bank Finance may be considered for Collateral Security Coverage.
9 Penal Interest 2.00% over & above exisiting ROI
10 Guarantee Individuals Non Individuals
Personal guarantee of all co-owners of the security to be obtained.
  • - Personal Guarantee of all partners in their individual capacities in case of finance to partnership firms.
  • - Personal Guarantee of Directors / Trustees/ members in case of finance to Ltd Company / Trust / Society.
  • In case of third party collateral, Personal guarantee of third party is mandatory.
11 Mode of Disbursement Term Loan: Working Capital:
Total cost including margin to be paid directly to the dealer / supplier of goods / machineries / civil contractor/seller of property and stamped receipt to be obtained and held on record. Through CC/OD limit account.
12 Insurance Comprehensive insurance of the primary/collateral Security with bank clause should be obtained.

*Terms and Conditions apply.

S.No PARAMETERS PARTICULARS
1 Type of loan Agriculture Gold loans Non Agriculture Gold loans
2 Purpose For raising crops, agriculture related development activitiies and seasonal agriculture operations For various personal purposes
3 Loan Quantum Min & Max – No limit Min & Max – No limit
4 Margin Minimum 25% Minimum 25%
5 Rate of Interest As per Bank’s internal guidelines issued from time to time
6 Repayment period 1 year 12 months
(Up to Rs.2 lakh)		 6 months
(Above Rs.2 lakh)
7 Documentary Proof Upto Rs.5.00 lakh – Self Declaration for proposed crops with name of the crop, survey no, extent of land holding etc.. Not required
Above Rs.5.00 lakh- Copy of Pattadhar Passbook/Adangal/1-B
8 Per gram Lending rate For Gold Jewels:
 Purity of Gold – 22 carat
Lending rate – Rs.3200/-
For Gold Coins:
 Purity of Gold – 24 carat
Lending rate – Rs.3250/-
9 Processing charges Upto Rs.1,00,000/-
1% of loan amount + GST
Above Rs.1,00,000/- to Rs.2,00,000/-
0.75% of loan amount + GST
Above Rs.2,00,000/-
0.75% of loan amount + GST upto a maximum of Rs.2000/-
10 Guarantee NA
11 Penal Interest 2.00% over & above exisiting ROI
12 Security Pledge of Gold ornaments
13 Insurance Borrower will be covered under Personal Accident Insurance scheme

*Terms and Conditions apply.

S.No PARAMETERS PARTICULARS
1 Purpose For any Personal purpose
2 Loan Quantum Minimum & Maximum– No Limit
3 Margin Major deposits Minor deposits
10% 25%
4 Rate of Interest As per Bank’s internal guidelines issued from time to time
5 Repayment period To be repaid on or before the maturity date of deposit receipt
6 Processing charges NIL
7 Guarantee NA
8 Penal Interest NA
9 Security Pledge of deposit receipts with LIEN marking.
10 Insurance NA
11 Others SOD facility is available who requires deposit loan frequently

*Terms and Conditions apply.

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