Deogiri Parissparsha Yojana [ Business Loans and Loans to Industrial Units ]
Apply For Loan
Purpose :
To provide the financial support to Businessmen (Manufacturing as well as Trading activity), for acquiring current and fixed assets.
Loan Amount :
As per requirements of the Business and guidelines of RBI as well as Bank rules.
Rate Of Interest /EMI :
Card Rates applicable (p.a.), Interest will be applied monthly basis on outstanding amount. EMI Starts at Rs. 1687* per month & it is up to RS. 11700* per month. Depending on your tenure.
Period :
- Maximum period for repayment is 60 months for Term Loans.
- Maximum period for repayment is 36 months for Cash Credit loans.
Security :
Bank will create first charge on assets created out of Loan. In Addition to above Security; Bank will ask for collateral security of 125% of Sanction Amount.
Guarantor :
Two guarantors of good means are required.
Documents :
- Applicant -
- Guarantor -
Photo, Photo ID, Residence proof, Income Proof such as Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Title Documents such as Sale Deed, P. R. Card, Sanction Plan, Tax Receipts (Recent), Quotation in case of purchase of Machinery Etc.
Photo, Photo ID, Residence proof, Income Proof