Any Businessman - Proprietorship firms/ Partnership firms, Pvt. Ltd. Company etc.
Type of facility
Rate of Interest
upto 5 lac
5 lacs to 25 lac
Above 25 lac
25 lac to 1 Cr.
Above 1 Cr.
Minimum 25% against stocks and 40% against book debts in Bank's favor
Prime Security – Hypothecation of Stock, Book Debts or Machinery
Collateral Security – Equitable/ Registered Mortgage of Immovable Property.
And / Or
Liquid security in the shape of Life policy, Government securities, Bank FDR, of equitable value .
For Working Capital Requirement / Business Purpose
- Submission of Monthly Stock Statements (Stock/Debtors/Creditors Statements)
- Full Insurance of Stock & Immovable Property with bank’s clause.
- Drawings as per D.P. limit
- 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