Any
Professional like Medical Practitioners,
Charted Accountants, Cost Accountants, Company Secretaries,
Architects etc, 3 years in the profession.
Documentation:
a)
Professional Qualification certificate.
b) Last two year’s assessment order or return copy.
c) Proof of address of residence/clinic / hospital / office.
d) copy of Registration Certificate of concerned
authorities for commencing practice.
Interest:
13.85% Floating
Processing charges :
@
0.25% of loan amount. (Min Rs. 500/-)
Exclusive Banking or NOC from
existing Banker.
Review/Renewal every year.
Security:
Loan upto Rs. 1 Lac
Clean
Above Rs. 1 Lac to Rs. 2 Llacs Negative Lien of flat
Or other collateral security
Prepayment penalty :
2.00% on outstanding
balance for takeover loan.
Equipment
Financing / Purchase of office / furniture
Nature of Facility:
Term loan.
Limit :
Rs.20,00,000/- (maximum)
Security :
Hypothication
of Equipment / Furniture / Mortgage
of Property to be purchased .
Guarantors:
a) Upto
Rs. 2.00 Lacs - Nil
b) Above Rs. 2.00 Lacs upto Rs. 5.00 Lacs - No outside
guarantors incase of satisfactory track record of
borrowing with our bank.
Interest :
13.85% Floating
(0.5% incentive lacs- No outside guarantors in case of satisfactory
track record of borrowing with our bank.
Margin :
10% in
Term Deposit .
Repayment:
With
48EMI / 60EMI / 72 EMI months with 3 months moratorium.
Eligibility:
a)
Established in profession for minimum period of 3 years.
b) Annual Income : Upto Rs.75,000/-
Maximum Loan ; Rs.2.00 lacs.
Rs.75,001/- to Rs.1,50,000/-
Maximum Loan : Rs.5.00 lacs.
Rs.1,50,001/- to Rs.3,00,000/-
Maximum Loan : Rs.10.00 lacs.
Above Rs.3,00,000/-
Maximum Loan : Rs.20.00 lacs.
c) Should not be defaulter for loan
repayment of our Bank.
Documentation:
a) Professional Qualification certificate.
b) Last six months Bank Statement.
c) Last two years assessment order or Income Tax Return copy.
d) Proof of Residence / Business place.
e) Guarantors Income and Residential proof.
f) 12 post dated cheques.
g) Copy of Registration Certificate of Concerned Authorities for
commencing practice.
Processing charge:
@ 1%
of loan amount (Min 1000/-)
Prepayment penalty:
2.00%
on outstanding balance for takeover of
loan by any other financial institutions / Bank etc.
EMI table
EMI per lac
(in Rs.)
INT (% p.a)
36 M
48 M
60 M
84 M
10.25
3211
2527
2119
1659
10.50
3222
2539
2131
1672
10.75
3233
2550
2143
1685
11.00
3244
2561
2155
1697
11.25
3255
2573
2167
1710
11.50
3267
2584
2179
1723
11.75
3278
2596
2191
1736
12.00
3289
2608
2203
1748
12.25
3300
2619
2215
1761
12.50
3311
2631
2227
1774
12.75
3322
2643
2239
1787
13.00
3333
2654
2251
1800
13.50
3356
2678
2275
1826
At Call
Service
For any proposal other than above scheme for the purpose
of:
1. Purchase of premises.
2. Setting up Hospitals or any Clinical/Diagnostic
center.
3. Equipment Financing.
