Loan Scheme for Professionals and Self-Employed

We have finance schemes that translate your dreams into reality.

Parameter

Details

Purpose

To purchase equipment/ repairs/renovation to existing equipment,
purchase of tools, working capital requirements, acquiring/repairing
business premises.

Eligibility

Doctors, Dentists, Chartered Accountants, Cost accountants, Lawyers,
Solicitors, Engineers, Architects, Surveyors, Construction contractors or
Management Consultants or to a person trained/qualified/skilled in the
chosen vocation/field in which employed, "the bank extends finance
under its own facilities and even under the Govt. sponsored schemes.

Amount

Depending upon the assessed requirement considering financial
viability, repayment capacity etc.

Margin

Generally 25%, which can vary according to requirement and
assessment.

Rate of Interest

 

Click here to view the Interest Rate

 

Security

Assets created by the Loan to be charged to the bank and other
collateral security.

Repayment by EMI

From short term to period generally ranging up to 5 years.

Processing fee

1% of the loan for amount above Rs 25,000/-.