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Business Loan

A business loan is a kind of financing you can avail to meet the urgent needs of your growing business and to expand your existing business, buy machinery etc.

Purpose: To the individuals/companies, village industries, craftsman, small entrepreneur/unit for working capital/block capital & for improving the existing business and setting up of new business and purchase of shops , project formulation  etc.


  • Individual Customer /Company having satisfactory dealings with our bank.
  • New customers well introduced and credit worthy with satisfactory banker's / market reports on them.
  • Age limit of the applicant not more than 55 years old. 
  • Maximum individual limit of the loan is Rs 60,00,000/-

Amount of Finance:

  • Up to 75% on the value of the property offered as security as per the valuation report of the bank's panel value and 75% of the valuation of the project-whichever is less.
  • The  loan amount towards the cost of plant, machinery, equipment’s& tools and raw materials  etc shall be directly disbursed to the supplier on collection of Margin money by the bank and after supply of such items

Maximum period of Loan:

  • Up to 60 months/5 years.


  •  Mortgage of property acceptable to the Bank having clear marketable title.
  • The land offered as security should be converted land/building.
  • There should be proper four wheeler road approach to the mortgaged property.


  • 2 Personal Guarantee from person / s of adequate net worth acceptable to the Bank.

Rate of Interest:

The rate of interest on these loans shall be charged at the rate fixed by our Bank from time to time or rate applicable at the time of disbursement of loan, and interest will be debited to the a/c every month.