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.
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
- Number of dependents
- Probability of the individual continuing in the same occupation
Apart from the application form, you will be required to submit the following documents.
|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)|
All the features and benefits are subject to terms, conditions and exclusions. Please refer to the General Schedule of Features and Charges.