• Individuals, Proprietorship, Partnership concerns, Firms, Private Ltd. Cos. And Regd. Co-op. societies engaged in trade of any commodity / goods required by the community and trading in them is not prohibited by law or opposed to public interest.
• Dealers in Silver / Gold Jewellers against the jewellery, but not against bullion / raw gold. (Borrowers to comply with the Licensing requirement for the business)
• HUF & Public Ltd. Cos. are not eligible
• The business units should have been established in the line of business for a minimum period of 2 yrs.
• Trading units established by our existing customers with satisfactory dealings or their close relatives, even if these are established for less than 2 yrs.
• Trading units of non – customers having less than two years establishment; with the prior approval of Regional authority.

• Rate of Interest

Limit

• Minimum: Rs.5.00 Lakhs
• Maximum: Rs.1000.00 Lakhs

Method of assessment of working capital limit

• 20% of the projected sales subject to verification of sales tax returns /GST of previous years/quarters OR
• Advance value of collateral assets to be charged, whichever is lower.

Method of assessment of Loan for Shop Development

• Need based finance to be considered as per requirements subject to a maximum of 25 % of the working capital limit sanctioned.
• Working Capital advance & shop development loan together should not exceed Advance Value of collateral security OR maximum limit specified under the scheme i.e. Rs. 400.00 lac, whichever is less.

Margin

• 40 % on Realizable Value of immovable properties
• 10 % on Bank's own FDRs.
• 15% of surrender value of Life Insurance Policy, if the insurance policy is maturing within a period of less than 3 years &
• 20% of surrender value of Life Insurance Policy, if the residual maturity period is 3 years and above.
• 15% of face value of NSC/ Government Bonds etc. if residual maturity period is less than 3 years & 20% of face value of NSC / Government Bonds etc. if the residual maturity period is 3 years or above etc.

Security

• Mortgage of Immovable Properties:
• • Residential Property (House / Flat)
• • Commercial property (Building / Land & Building)
• • Plot of Land (Not Agricultural land)
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• *Normally, property standing in the name of Borrower (including Partnership firm/Private Limited Companies), Proprietor, and Partner, Director or their close relatives is to be mortgaged.
• 
  
• **However, the property standing in the name of third party can also be accepted, provided the owner of property offers his / her personal guarantee.

Repayment

• Term Loan: Maximum -60- EMI (Depending on repayment capacity).

Insurance

• Mortgaged property should be insured as per bank's norms. Obtaining insurance against the stocks cover may not be a condition for sanction of the facility. However, branches may counsel their borrowers to have the stock insured in their own interest at their cost.

Credit Information Report

• Bank is authorized to make enquiries from any of the Credit Information Bureau and get the Credit Information Reports. Bank is also authorized to disclose from time to time any information relating to the loan to Credit Bureaus approved by Govt of India or Reserve Bank of India without any notice to the borrower.