Financing Working Capital Term Loan
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Eligibility Small Business entrepreneur, Experience minimum two year in the same filed in which the current business Applicant should be member of Mumbai Vyapari Association Maharashtra Rojgar.
Purpose Working Capital
Loan Amount For Personal Loan: Maximum Rs. 1.00 lakh
Rate of interest 15 %
payment period 36 Month
Securities Unsecured
Share Linkage 1% of loan amount
Processing Fee 1% of Loan Amount plus GST as applicable
Guarantors Twoguarantors acceptable to Bank with duly filled and signed consent letter, KYC, Photographs, Bank Statement and Income proof
Documents required
  1. Application in prescribed format
  2. Photographs of borrower & guarantors
  3. PAN CARD ( MANDATORY)
  4. CIBIL REPORT Borrowers & Guarantors
  5. Business proof:Shop&Establishment / Udyam Addhar
    Copy of Vehicle (van) registration Certificate
  6. Identity proof : Passport/Voter identity card/ PAN Card /Driving License/Adhar Card ( any one)
  7. Income proof :- For Salaried Person:-
    1. Copies ofaudited Profit & Loss A/c & Balance sheetof last 3 years
    2. I.T. Returncopies for last 3 years, or Affidavit in absent of ITR.
    3. 1 year latest Bank Statement
    8. For Guarantor if Salaried Person:-
    1. Last 3 months’ Salary certificates,
    2. Last 3 Years Form-16 & IT Return copies
    3. 1 year Latest Bank Statement (Salary A/C)
    1. Pre sanction visit report place of Residence & officee
Disbursement disbursement through the account of the borrower

Concession Rate 0.25% p.a. of Interest to Women borrower for Housing Loan, Education Loan, Gold Loan, Business Loan.