LOAN TO PROFESSIONALS

 

Want to set up your office / renovate your office – Bank finance is available at easy terms.

 

Eligibility

:

Professionals – Doctors, Engineers, Chartered Accountants,

Architects, Company secretary, Management Consultants.

Loan Amount

:

Working Capital – need based.

Term Loan – 75% of proforma invoice / cost.

Repayment period

:

Term Loan - 36 to 60 months.

Working Capital – on demand.                                      

Rate of Interest

:

13.75% p.a.

Calculated on the daily reduced balance of the loan.

Security

:

Equitable / registered mortgage of the premises to be financed or acceptable to the Bank.

Working Capital – Tangible / intangible assets available.          Machinery – Hypothecation of the machinery.                         Two guarantors acceptable to the Bank.

Documents required

:

Proof of residence – Electricity bill / Telephone bill / Passport   Proof of ID     - Pancard copy / Driving License.                      Proof of income – Salary Slip / last 3 years Balance sheet / IT Returns with projections.

Documentary evidencing the purpose of the loan.                    Valuation report from Bank’s approved valuer. Bank Statement for last 6 months.

Title clearance certificate from Bank’s advocate.                      NOC from the Society / builder.

 

Administrative Office

501, Central Plaza, 166 C S T Road, Kalina, Santacruz (East), Mumbai 400 098.

Tel No: 26656076 / 77 / 78 Tele Fax: 26656079

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