Who can avail of SME Secured Loans ?

Self-employed doctors in the age group of 24 to 65 years (at the end of the loan tenure).
Partnership Firms & Private Ltd. Companies.

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​How much finance can I avail of ?
You can borrow up to 80% of your planned investment in plant and machinery, based upon your loan eligibility.

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​What are the tenure options?
Business loans range from a minimum of 6 months up to a maximum of 4 years.

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​How long will it take to process the loan?
Loans are processed within 4-5 working days of completing the documentation.

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​Do I need a guarantor?
For sole applicant - one adult family member to be co-applicant.
Partners /Promoter Directors will be taken as co-applicant in case of Partnership/Pvt ltd co. respectivel.

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​Do I have the option of pre-paying the entire loan amount?
Yes. One can pre-pay the loan at any time after 6 months of availing of the loan. Foreclosure charges would be applicable.

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​How do I repay the loan ?
You can make part pre-payments of a minimum amount of Rs 50,000 after 6 months from the date of first disbursement of the loan. This payment can be made only once in a financial year subject to a maximum of 25% of the balance outstanding against your loan amount at the start of the financial year.

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​How do I repay the loan ?
Electronic Clearing System (ECS) OR
Post dated cheques (PDCs)

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​What are the stages involved in availing a loan?
The stages involved are:
Application
Processing
Documentation
Sanctioning of the loan
Disbursement