Loans

Personal / Professional Loans (Unsecured)

- Immediate and short term requirement for personal and/or professional purpose.
- Loan amount will be based on income.
- Repayment period is from 2 to 5 years

Documents required

1. Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
2. Address proof (copy of passport/voter ID card/driving license/Aadhaar)
3. Bank statement of previous 3 months (Passbook of previous 6 months)
4. Two latest salary slip/current dated salary certificate with the latest Form 16

Business Loans (Unsecured)

• - Unsecured in nature – suitable for the businesses having immediate requirement to complete the pending sales orders
• - Effective tool as alternate to working capital limit
• - Repayment period – 3 to 5 years
• - Interest varies from 16 to 18% p.a.

Home Loans

• - Restructuring and/or new loan
• - All kind of properties are covered
• - Interest rate varies from 7 to 15% p.a.

Lease Rental Discounting (LRD)

• - LRD is term loan offered against rental receipts obtained from leased contracts from company tenants
• - Term of tenure will be upto 9 years subject to the lease term
• - Available to individual/corporate/businesses

Equipment Financing

• - Equipment finance is available to business entity with financial credential on purchase of plant
• - Tenure is from 3 to 5 years
• - SIDBI finance option is also available
• - Interest rate will be from 9 to 15% p.a.

Working Capital (CGTMSE / Secured)

• - Meant for business to avail efficient funding option with least interest rate
• - Based on financial credentials of the company / business
• - Available to all types of business e.g. corporate/partnership/proprietorship
• - TAT (Turn Around time) – 1 to 2 months
• - Secured facility and unsecured under CGTMSE (subject to fulfilment of conditions)

Receivable Financing – Bill discounting

• - Based on financials, banking and CIBIL
• - Collateral free open limit for bill discounting
• - Discounting against GST paid invoices
• - Customer's verification may be done in case of any reasons as per the discretion
• - Rate of Interest Varies from 1.50 to 2 % p.m.
• - Instant next day credits
• - Based on credential of borrower and its customers – rate of interest may be lower

Project Funding

• – for New units or expansion of existing units
• - Funding option is for those businesses, who are looking for expansion in terms of setting up of project either new or existing expansion
• - We do coordinate with SIDBI for setting up of new projects or expansion of existing units

Investor funding

• - Option of having short term funding from investors based on financial credentials and return being offered
• - Order based funding is also feasible subject to terms and conditions
• - Angel investment can also be explored based on concept of the project / start ups