Professionals in any discipline.
- should possess a professional degree (recognized University).
- Minimum ITR - taxable income of 2.5 lakh
- Minimum experience of 3 years in their respective fields. In case of CA/CS/ ICWA –3 years from the date of certificate of practice.
- Minimum bureau score of 700
- WC Requirement
- Purchase of equipment (Expanding/Renovating)
- For Construction of office premises on self-owned land.
- For acquisition of ready built new office premises.
- NFB facilities
Age of the borrower
- Minimum age – 21 years.
- Maximum age - 65 years at the time of maturity of loan.
Nature of Facility
- Term Loan/Demand Loan/Cash Credit/non-fund based facilities.
- Minimum – Rs. 5.00 lacs ( For Rural and Semi-Urban areas)
- Rs. 10.00 Lacs ( For Urban and Metro areas)
- Maximum – Rs. 5.00 Crores
- TL – Max 84 instalments (moratorium period).
For Cash Credit :
25% against stocks & Book Debts up to 90 days only
For Term Loan/Demand Loan :
30% on land and building
25% on Plant and Machinery(New)
For non-fund based limits :
Cash Margin on guarantee and L/C facility – 20% minimum.
Rate of Interest
Competitive pricing linked to Repo rate/MCLR