Individual straight loan

Individual straight loan

The active farmers of the district/other self employed persons can do their own businesses by getting individual straight loan. Bank verifies the background of family, insists on capable guaranters and taking proper mortgage provides loan facility. It may be Cash credit or mid term loan. By getting such type of loan the businesses like hotels, printing press, retail traders, building material suppliers can be started.

Eligibility

The financial eligibility depends on an individual's repayment capacity and is based on the following factors:

  • Monthly or annual income
  • Source of income
  • Savings and credit history
  • Work experience
  • Age
  • Qualifications
  • Number of dependents
  • Probability of the individual continuing in the same occupation

Required Documents

Apart from the application form, you will be required to submit the following documents.

Document Valid Type
Identity Proof PAN Card, Driving License, Passport, Voter's ID, Aadhaar Card
Address Proof Passport, Driving License, Voter's ID, Aadhaar Card, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)
Signature Proof PAN Card, Driving License, Passport
Latest Passport Size Photographs (4 copies)

DISCLAIMER

All the features and benefits are subject to terms, conditions and exclusions. Please refer to the General Schedule of Features and Charges.