| Purpose |
- Purchase of Equipment used in the profession undertaken.
- Purchase of furniture, furnishing & fixtures of the office premises
- Working Capital requirement
|
| Eligibility |
- Financial Assistance to self-employed persons such as: Medical Practitioners including dentists, chartered accountants, engineers, construction contractors, management consultants who are recognized by government and considered by the bank technically qualified or skilled in the field in which he is engaged.
|
| Limit |
|
| Margin |
|
| Interest rate |
|
| Repayment |
- 5 yrs including moratorium period of 6 months
|
| Security |
- Hypothecation of fixed assets in favor of bank (existing assets if any)
- Collateral Security acceptable to bank
- Personal guarantee
|
| Insurance |
- Comprehensive policy as per banks’ clause.
|
