Slide Out

BUSINESS LOAN

Business Loan (B.L):

To Start a new business or to develop your existing business, we provide Business Loan with repayable at 36, 48 & 60 months. Up to 10 Lakhs.

Rate of Interest: 15% (Reducing Interest)

Documents required for Business Loan:-

  • 10% FD on loan amount.
  • 3 passport size photo.
  • Identity Proof
  • Business triad license and tin number
  • 2 Surety – (SB a/c with St. Milagres)
  • Land Valuation Report.
  • Legal Advisor’s Report.
  • LIC Assignment (Statement of Surrender value)
  • Vehicle Hypothecation.
  • Encumbrance Certificate
  • Record of Rights
  • Mutation Entry
  • Sale deed
  • Land Map
  • RTC
  • Driving License Xerox
  • Voter ID Xerox
  • Ration Card Xerox

Note: Loanee should be identified by the Branch Manager.