|Eligibility of borrower||* Having operative current account holder of the Bank for more than six months.
* Having good reputation and Credit worthiness and profit making firm.
* Borrower/ Partners/ Directors/ Guarantors must be a member of the Bank.
|Purpose of Loan||To meet Working capital Requirement|
|Quantum of finance||* 20% of annual turnover/ sales of the firm and Up to 80% of value of mortgaged property,whichever is less.
* Current Ratio & Debt Equity Ratio should be at satisfactory level
|Share Linkage||Borrower must have Bank share linkage @ 1% of the loan sanction amount.|
|Repayment period||Review once in 6 Months and renewal in 12 Months|
|Rate of Interest||12.50%|
* Simple mortgage of title cleared property,own occupied of the borrower / guarantor
* Third party guarantee of two personal guarantors having good Credit worthiness and financially sound and member of the
* Hypothecation of stocks and book debts in favour of the Bank