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: 15.5% (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)
- LIC Assignment (Statement of Surrender value)
- Vehicle Hypothecation.
- Land Map
- Driving License Xerox
- Voter ID Xerox
- Ration Card Xerox
Note: Loanee should be identified by the Branch Manager.