Unsecured Loan

A limit is given in current account where the client can withdraw amount upto the limit sanctioned. This loan given to meet working capital requirements of the company on the basis on company turnover, company financials, value of stock having by company.

This loan is without any security or guarantor.
Limit varies from Rs. 2.00 to 25.00 lacs.
The loans are generally approved within 15 working days of Submission of complete documentation.
The interest charged only on the utilized amount. It will charged Basics on the end of the day (closing) balance.
No minimum Monthly repayment required.

Proprietorship/partnership/Pvt. Ltd company.
Age 25-65 years of main applicant.
Minimum 3 years old company in the same business.
Minimum 1year old operation at same place.
Profitable business for the last 2 year.
Have a clean track record of at least 12 month from any MNC bank.
Applicant must own office or residence.
Turnover minimum 40 lacs & above per annum for the last 2 years.

Photograph of main applicants.
ID proof : Pan card/ Passport/c Driving License
Signature Proof : Pan card/ Passport/Driving License
Age Proof : Pan card/ Passport/Driving License/DOB Certificate
Residence Proof : Passport/ Voter Card/Driving License/Ration Card/ Telephone Bill/ Electricity Bill.
Office Proof : Telephone Bill/ Sales Tax registration certificate/ Electricity Bill.
Ownership Proof : Electricity Bill/ Property Tax Paid Bill / Title
Deed/ Municipal Tax/ Municipal Charge Bill / Receipt.
Income Proof : last 3 years audited financial along with audit report with all schedules.
Bank statement : main account last 6 month.
Sanction letter of existing Cash credit or overdraft limit availed by the company.
Constitution proof : MOA/ partnership deed
Others : any Govt. registration like service tax, sales Tax, excise,
Loan Proof : Repayment Schedule of all running loans

Unsecured Loan

Unsecured Loan

Rates

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