Purpose
Business Loan (Commercial):
Business Loan products are designed to support the growth and expansion of your commercial ventures. Here’s everything you need to know:
Business Loan (Commercial):
Business Loan products are designed to support the growth and expansion of your commercial ventures. Here’s everything you need to know:
Loan Categories:
Our Business Loans are tailored to meet diverse commercial needs and are available under various schemes based on borrower profiles.
Eligibility Criteria:
Individuals eligible to apply for a Business Loan include:
Eligibility Age:
21 to 60 Years
Business Loan products are designed to support the growth and expansion of your commercial ventures. Here’s everything you need to know:
Loan Categories:
Our Business Loans are tailored to meet diverse commercial needs and are available under various schemes based on borrower profiles.
Eligibility Criteria:
Individuals eligible to apply for a Business Loan include:
- Salaried Individuals
- Self-Employed Professionals (SEP)
- Self-Employed Non-Professionals (SENP)
Eligibility Age:
21 to 60 Years
Loan Amount:
Maximum ₹1 Crore
Loan Tenure:
Up to 120 Months (10 Years)
Security:
Primary Security: Mortgage of the commercial premises to be purchased or constructed.
Additional Security (at Bank’s discretion): Insurance Policies, etc.
Property should not exceed 30 years in age, and its residual life must cover the loan tenure.
Guarantor Requirement:
Two guarantors with regular income (including family members, subject to case evaluation).
Required Documents:
Maximum ₹1 Crore
Loan Tenure:
Up to 120 Months (10 Years)
Security:
Primary Security: Mortgage of the commercial premises to be purchased or constructed.
Additional Security (at Bank’s discretion): Insurance Policies, etc.
Property should not exceed 30 years in age, and its residual life must cover the loan tenure.
Guarantor Requirement:
Two guarantors with regular income (including family members, subject to case evaluation).
Required Documents:
- Filled loan application form
- 2 passport-size photographs
- Identity Proof – Passport / Driving License / Voter ID / PAN
- Address Proof – Leave & License, Registered Rent Agreement, Utility Bill (within 3 months), Passport
- Leave & License Agreement (if staying on rent)
- Copy of Degree Certificate (for professionals)