Business Loan-BNL

Eligible category of borrowers

  • Regular members of our bank only

Line of activity

  • Persons engaged in business / professional services / Employees / others having good turnover / income.

Quantum of loan

  • As mentioned in Interest chart

Repayment

  • Monthly Installments + Interest

Rate of Interest

  • As mentioned in Interest chart (Subject to changes / revision from time to time)

Purpose

  • Business Expansion / Improvement

Security

  • Simple Mortgage of the Immovable property

Shares

  • As applicable

Sureties

  • 2 sureties who are necessarily to be Regular members / Nominal members of the bank. Spouse should become one of the sureties.

Other charges

  • As applicable.

Documents Required

  • Specified loan application.
  • Guarantor’s declaration form.
  • Address and income proof of both borrower & sureties.
  • IT Assessment orders (3 years) / Audited Financial statements.
  • All original property documents.
  • Valid legal opinion / valuation report on the property along with Insurance
  • Required margin as the case may be
  • Any other letter/document related to the activity/purpose as the case may be.
  • Other terms & conditions as applicable.

For more details / clarification please contact your nearest branch.

Business Loan-BNL
AMOUNT 72M 120M
Upto Rs. 25.00 Lakhs 13.50% 14.00%
>Rs 25.00 Lakhs to Rs 50.00 Lakhs 14.00% 14.25%
>Rs 50.00 Lakhs to Rs 70.00 Lakhs 14.50% 14.75%
>Rs 70.00 Lakhs to Rs 1.00 Crore 14.50% 14.75%
>Rs 1.00 Crore to Rs 4.50 Crore 15.00% 15.50%