Sree Charan Capital Equipment Loan-SCCE

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

  • To meet urgent needs of business or as the case may be.

Security

  • Simple Mortgage of the property / other movable Asset by way of Hypothecation.

Shares

  • As applicable

Sureties

  • 2 sureties who are necessarily to be regular members of the bank.

Other charges

  • As applicable

Documents Required

  • Maximun Period of loan upto 120 Months.
  • 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.

Sree Charan Capital Equipment Loan – SCCE – 120 Months
Amount ROI
Upto Rs. 10.00 Lacs 12.25 %
>Rs. 10.00 Lacs to Rs. 20.00 Lacs 12.50%
>Rs. 20.00 Lacs to Rs. 30.00 Lacs 13.00 %
>Rs. 30.00 Lacs to Rs. 50.00 Lacs 13.50 %
>Rs. 50.00 Lacs to Rs. 70.00 Lacs 14.00 %
Above Rs. 70.00 Lacs 14.50 %