Uttaran Small Business Loan (USBL)
Category / Loan type:Term Loan
- To help the genuine businessmen having entrepreneurship, initiative, sincerity, honesty to expand and run their business smoothly under Small Enterprise category.
- To enable a section of people having small capital to do business with the help of Bank Finance.
- To improve the banking habit of self employed persons of the society
- To contribute towards development of socio-economic condition of the country
Customer Eligibility :
- Must be a growing Business Concern.
- At Least 2 Years Business History.
- Must be a Current Account Holder of the Bank.
- Up dated clean CIB Report.
- Registered Mortgage of Land & Building
- Personal Guarantee of the Owner(s)/ Directors.
- Post dated cheque.
- Other Securities as acceptable to the Bank
Repayment : Equal Monthly Installment .
Interest Rate : Market Competitive
- Valid Trade License.
- Up to date TIN Certificate.
- Regulatory papers
Loan Tenor :1 years to 5 years .
Debt Equity Ratio : 70 : 30
*condition will be applicable