Reg. No: SA 2914 Dated : 27 Jan. 1995
License No: UBD Guj-1153 P Dated : 01 July 1995

Self Employee Loans

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.
Purpose of Loan:      For setting 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
Rate of Interest 10.50% p. a.
Security Prime:
* Hypothecation of assets created by Bank finance.
Collateral:
* 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.

 Self Employed