Loans To Professionals

• Facility: Term Loan/Overdraft
• Repayment:
  
  • For Term Loan– 120 Months.
  • For Overdraft– 24 Months Review/Renewal.
• Processing Charges:
  
  • For Loan Up to Rs.10 Lakh
    
    • Only 1% Processing Charges.
  • For Loan Above Rs.10 Lakh
    
    • Only 0.50% Processing Charges subject to Min.10,000/- & Max. 1.00 Lakh.
• Pre-Payment Charges: 2% of Outstanding loan amount at the time of closure (If taken over). The most competitively priced in the industry

• To provide financing for professionals looking to expand their practices or services, such as opening new offices or hiring additional staff.

• Collateral:
  
  • For Cash Credit: 75 to 100% 
  • TL Against Plant & Machinery: 50 to 100%

• The applicant should be a self-employed professional with a professional degree.
• The applicant should be between 21 years and 65 years (at the time of last EMI).
• The applicant should have at least one year of professional experience.

• Term Loan / OD – 09.00% P.A.
• Following Rate of Interest as per CIBIL criteria:
  
  • CIBIL Credit Vision Score > 750: 9.00%P.A. 
  • CIBIL Credit Vision Score < 750: 9.50% P.A.

(Borrowers credit worthiness & Assessment based on credit Policy Norms.)