The loan for petty traders.
Limit of Loan:
Maximum up to Rs.50,000.
Rate of Interst:
13.00 % per annum
Pre-Closer Charges:
1.00% on outstanding balance.
Eligibility:
Enterprises established mjainly for providing services for selling of goods on commission basis, booking, clearing and forwarding agents, petty traders like Grossery, Cloth, Xerox.
Operation of business for atleast 1 year.
Filling of Income Tax Returns.
All the transanction must be rooted through C/A maintained with our Bank only.
0.50 % of loan amount should be collected towards processing fees.
Security:
Hyptothecation of Stock and one co-obligant.
Documents Required:
Photograph and Residence Proof of the Borrower and guarantor.
If you are a salaried person latest salary slip for 3 months.
If you are a businessment/Professional/Self Employed last two years.
Profit & Loss account and balance sheet.
Guarantors latest salary slip/latest I.T.returns.
