Personal Banking

• Accounts
• Loans
• Gift Card
• Credit Card
• Debit Card
• Depository Services
• Locker Facilities
• Forex Services
• Online Services
• Insurance
• Mobile Banking

Corporate Banking

• Cash Management Services
• Credit
• Corporate Salary Account
• Forex & Trade Services

NRI Banking

• Account & Deposit
• Money Transfer
• NRI Property Loans
• Investment Opportunities
• Contact

Micro & Agri Banking SME Banking Financial Planning

Internet Banking

Personal | Corporate

Apply for a New Account

Please Select Savings Account Current Account Term Deposits Loans Micro & Agri Banking Credit Card Corporate NRI Insurance 3-in-1 Trading Account Mutual Funds Gold Coin Silver Bar Safe Deposit Locker Forex Card MSME Revival

> Home > Personal Banking > Business Loan

Business Loan The Business Loan is just what you need to address your diverse financial needs – be it venturing in to new business lines or expanding current business, you can now look forward to getting the financial support you need, without any hassles. EMI Calculator     Eligibility Benefits Fees&Charges Documentation Apply Age Above 23 years Financial Norms Growth & Positive PAT Profiles Covered Manufacturers, Traders, Wholesalers, Retailers, Contractors, Service Providers Work Experience 5 years of experience with 4 years in the current venture Loans are tenable in a wide range of Rs.10 lakhs to Rs.5 Crore Easy and simple documentation Flexible repayment options, 12 and 60 months Description of Charges Norm Overdue Charges 2.0% p.a. over & above existing ROI for the number of days overdue from the due date. Auto-debit Mandate / Cheque Bounce Charges Rs.350 + Service Tax Auto-debit Mandate / PDC Swap Charges Rs.500 + Service Tax EMI Cycle Change Rs.500 + Service Tax Loan Re-schedulement charges 0.25% + Service Tax Switch Charges (Floating to Fixed and vice versa) 3.00% + Service tax of the loan outstanding Part Prepayment Penalty Part Prepayment can be made only after 6 months from the date of full disbursement. This payment can be done only once in a financial year subject to minimum of Rs 50,000 and maximum of 25% of the loan outstanding at the beginning of the FY. All part prepayments made within 12 months prior to the foreclosure of the loan will be charged at the applicable foreclosure rate. Part Prepayment Penalty Foreclosure Penalty Foreclosure charges will be 5% + service tax on the outstanding loan amount at the time of foreclosure if the loan is closed within 6 months from the date of 1st disbursement. Foreclosure charge will be 3% + service tax if loan is closed between 6 – 12 months from the date of 1st disbursement. The foreclosure charge will be 2% + ST if loan closed after 12 months from the date of 1st disbursement. Facility Cancellation Charges Rs.2000 + Service Tax + interest charges from disbursement date till cancellation request. Facility Statement Charges Rs.500 + Service Tax (NIL for 1 statement half yearly) CGTMSE Guarantee Fee Loan Amount Upto Rs.5 Lakhs – 1.00% Loan Amount Above Rs.5 Lakhs – 1.50% CGTMSE – Annual Service Fee Loan Amount Upto Rs.5 Lakhs – 0.50% Loan Amount Above Rs.5 Lakhs – 0.75% Stamp duty (Facility documentation & Property) + Registration As per Actuals Legal, Repossession and incidental charges As per Actuals Insurance Premium As per Actuals Charge creation with ROC As per Actuals Any other charge As per sanction letter Service charge as applicable Loan Application Form KYC & Constitutional Documents Audited Financial report Borrower & Key Personnel Profiles Borrower Existing Bank Sanction Letter Borrower Existing Bank Statements Borrower External Rating Report ( if available) Key Personnel Net worth Statements Apply