Professional Loan

Professional Loan

A loan product specially designed to offer security based and hassie free financial assistance to professionals and self-employeed persons.

Purpose :

For improvemen/expansion of existing business.
Bank guarantee for any need related to the profession.


Individuals, proprietorship, partnership concerns, firms & private Ltd., Cos., engaged in any profession, self employment, service sector (Other than trading, processing and manufacturing units & transport operators).
e.g. Charged Accountants, Doctors, Practising company Secretaries, Architects, Consultants, Institutions providing eduction/training, coaching classes, interior decorators, which are required by community and not prohibited by law or opposed to public interest.

Eligible loan amount of margin money:

15% of the project cost should be brought in by the applicant.
The total exposure i.e. both fund and non fund based should no exceed the limit sanctioned.

Period of Loan & Repayment:


12 Months subject to annual review.

Term Loan:

Maximum 60 EMI (depending on the repayment capacity)


Collateral Security of urban immovable property mortgaged to the Bank with 200% value of the limit sanctioned based on guidance valuation.
Hypothecation of assets acquired out of loan amount.


Maximum : Rs. 60.00 Lakhs

Rate of Interest:

13% per annum

Penal interest:

2% will be charged on overdue amount.

Processing Charges:

1% of limit sanctioned.

Pre-Closer Charges:

1.00% on outstanding balance.