Vyapar Suvidha Naini Udhyog Prasar Scheme Naini Udhyog Suvidha Scheme Naini Shiksha Prasar Scheme Naini Health Care Scheme Scheme For Financing to Govt Contractor

Vyapar Suvidha (Loan For Traders)

Purpose

For working capital requirement and for acquiring/purchasing assets i.e. fixtures & furniture, office equipment etc. to be used in the business.

Eligibility:

All individuals, firms, companies, Regd. co-operative societies engaged in lawful trading of goods & commodities at least for last Two year from the date of registration

Age :

Not Applicable

Maximum Amount of Finance :

Rs.500.00Lakh

Margin :

15% on the surrender value of Life Insurance Policies, Face Value of Bank's own TDR's/ NSC's/KVP's/IVP's .

40% on the realizable value of Immovable property (Agricultural land not to be taken as security).

Features :

Credit Facility in form of term loan/working capital term loan or overdraft.

No personal guarantee is required.

Repayment period of 84months for term loans and 12months for overdraft (subject to annual review)