March.12, 2021
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July.15, 2020
List of non‐operative account for 10 years as on 2077 Ashad 31(15 july 2020)
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Business Loan

Business Loan is offered to customers for meeting day to day working capital requirements and can be provided in the form of overdraft / working capital loans. The maximum tenure of the loan shall be for 1 year and will be subject to renewal as per client’s requirement and satisfactory transaction record in the account in terms of repayment, turnover, etc.

The purpose of this facility is to finance the working capital requirement of the trading, manufacturing and service units/industries. The working capital loan will help to build up inventories and receivable at a level required to run the business smoothly.

Fixed Term Project Loans facility will be provided in order to facilitate customers to establish manufacturing industries or production units or purchase of fixed assets.

Purpose

  • To finance working capital requirement and capital expenditure requirement of business houses. 

Features

1. Eligibility

  • New or existing business 

2. Business Type

  • Sole proprietorship firm, Partnership firm and Companies

3. Target Customer

  • Retail, Wholesale, Education, Health, Hospitality, Transportation, Automobiles, Construction, Manufacturing and any other production and service industry 

4. Loan amount

  • Minimum Loan amount: 1 lakhs

5. Interest rate

6. Collateral 

  • Fixed asset collateral, Land and Building

7. Nature of Facility

  • Revolving (OD)
  • Non-revolving(Term Loan)

8. Tenure

  • OD/Working capital loan shall be revolving in nature and will be provided for 1 year and shall be renewed on satisfactory performance
  •  Term Loan shall be non-revolving in nature and shall be provided for maximum 20 years

10. Repayment Modality

  • Interest of OD loan shall be monthly or quarterly
  •  EMI or EQI in case of Term Loan

Required Documents

  • Duly filled loan application form of bank
  • Photograph and Copy of citizenship of applicant and the guarantors
  • Copy of PAN certificate
  • Copy of registration of the business.
  • Last two years audited financial statement and three years projected financial statement
  • Latest tax clearance copy
  • MOA, AOA, Board minute if the borrower is company
  • Partnership deed, if borrower is partnership firm
  • Other related document as necessary

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