Who is eligible for the loan :- Only to those entities Medical practitioners,Manufacturers, Medical Equipment dealers, who are contributing in the field of fighting COVID 19.
Quantum of Loan :- Maximum ` 10 Crores
Repayment Period* :- 60 Months for Term Loan against
Hypothecation of Machinery, Equipment, Furniture
Max.180 months for purchase/construction of Business premises.
Documents for Applicant / Borrowers:-
- i) Loan application in prescribed Format.
- ii) Brief details about the loan requirements.
- iii) I.T. Returns of at least two years and projection on prescribed formats.
- iv) KYC Documents
Documents for Guarantor:-
- i) At least one guarantor having good Net Worth to be obtained.
- ii) Guarantor is a business man/ professional/ Self Employed Person –
- - Certified true copies of Income Tax Returns of preceding 3 years
- - Bank statement for last 6 months.
- iii) Guarantor is a salaried person
- - Last 3 months salary slip
- - Form 16 for last 3 years / IT return copies for last 3 years.
- iv) KYC documents
For Further details please contact nearest Branch.
* T & C Apply