| Interest Rate |
19% |
| Eligibility of borrower |
- Having operative current account of the bank / saving account of the bank
- Having good reputation, experience, credit worthiness and profit making
- Borrower must be member of the bank
- Have sufficient score in CIC Reports
|
| Purpose of loan |
To meet working capital requirement for the business |
| Proof of Identity |
PAN Card and Adhar card |
| Proof of Business |
Profit and loss statement, Balance Sheet, ITR Returns, Udyam portal registration, Food license ( if applicable ), GST Certificate |
| Quantum of finance |
Minimum 2,00,000 to Maximum 10,00,000 |
| Share linkage |
Borrower must have Bank share Linkage @ 5% of the loan sanction amount. |
| Repayment period |
Repayment in 24 months |
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