Syndicate Bank- SyndVyapar
Purpose of Loan:
To meet the credit needs of traders.
Eligibility:
All Traders are eligible for this loan scheme.
Quantum of Loan:
Maximum Rs. 25 lakhs in the form of overdraft.
Repayment of Loan:
To be renewed once in 2 years.
Rate of Interest:
Upto Rs.2 lakhs : PLR ; Above 2 lakhs: Depending on credit
rating of the borrower.
Security:
Mortgage of property / Pledge of NSC / KVP / LIC / RBI
Relief bond and hypothecation of stock in trade.
Margin:
40% on immovable property, 15% on other securities.
Requirement:
Financial statements for limits of over Rs. 10 lakhs.
For more information: Website
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