Business Loan
For investment in business.
| Rate of Interest | 15% - 17%( On Actual Diminishing Balance) |
| Share Linkage | 2.5% of Sanctioned Amount and Guarantor – Minimum 10 Shares |
| Period | Business loan in case of CC/ODA/c - 1 Year (Subject to renewal) |
| Term loan | 5 Years |
| Processing Fees | 1% of loan amount + s.t. |
Eligibility Criteria
Indian Citizens aged from 18 to 79 years
Required Documents
- Address and ID proof and 3 photos of Borrower and Guarantor
- Advance Repayment excepted.
- Stamp Duty – A.P. Govt. Stamp Act – 0.5% of Sanctioned Amount.
- Personnel Guarantee – One Person
- Collateral Security: Mortgage of Property
- Sale deed with 30 years link
- Latest E.C. and Property Tax receipt.
- Last 3 years I T Returns , Balance Sheet, Profit and loss account
- Sanction Plan or Permission
- LEGAL ADVOCATE FEES : Rs.500/-
- VALUATION CHARGES – IT DEPENDS ON THE VALUE OF PROPERTY , INITIALLY RS.3000/- TO BE DEPOSITED.
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%
Loan EMI
Total Interest Payable
Total Payment
(Principal + Interest)