GST No.: 24AABAT4356N1Z6               

Self Employee Loan

Eligibility of borrower
  • Having current / saving account holder of the Bank.
  • Borrower must be a member/ nominal member of the bank.
  • Applicant  must be a skilled person.
  • Must be a skilled qualified personals such as Doctor, CA, CS, Advocates etc. with existing practice or a new start up. 
  • Having sufficient score in CIC's reports
Proof of identity
  • Copy of PAN card, Aadhar card, Voter ID, Driving license, Pass Port, Job card issued by NREGA [Any two].
Purpose of Loan:     
  • Any existing qualified skilled professional or a newly qualified degree holder who needs to set up / expansion of his own establishment for purchase of commercial business premises, furniture & fixtures, repair & renovation of business premises, purchase of instruments, equipment, etc. for setting up of his own business / profession.
Quantum of finance
  • Up to  80% of  project cost.
Share Linkage       
  • Borrower must have Bank share Linkage @ 1% of the loan  sanction amount.
Repayment period
  • Maximum 120 months
Proof of income
  • Income Tax returns up to last 3 years.
Rate of Interest 9.00% p. a.


  • Hypothecation of assets created by Bank finance.


  • Third party guarantee of two personal guarantors having good  Credit worthiness and  financially sound and member of the Bank.
  • If loan sanction amount exceeds Rs.1.00 lac, simple mortgage of title  cleared property of the borrower/guarantors.
  • If loan sanction amount exceeds Rs. 5.00 lac, simple mortgage / HP of all the assets created by the Bank finance to be made in favour of the Bank.

 Self Employed