Business Loan

Shree Sharada Sahakari Bank Ltd., Pune    19-Sep-2015

 

 

 

 

 

 

Eligibility

Any Businessman 

Traders/ Wholesalers & Retailers, Professionals, Small Business Establishments

Type of facility

Term loan

Rate of Interest

12 % p.a.

 

Repayment period

60 months to 84 months

Security

Prime Security – Hypothecation of Stock, Book Debts or Machinery

Collateral Security – Equitable/ Registered Mortgage of Immovable Property.

Other Conditions

-      Full Insurance of Stock & Immovable Property with bank’s clause.

-      Share linking @ 2.5%

-      2 Credit worthy guarantors

-      ITR copies of last 3 years, Balance Sheet , Profit & Loss Statements, Business Account Statement for last 6 months

-      Other documents required by bank as per the proposal