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HYPOTHECATION OF STOCK
HYPOTHECATION OF STOCK
Business Expansion / New business with existing Business by Individual Person, Partnership firm & Company
FEATURES & BENEFITS
FEATURES & BENEFITS
Financial Assistance on basis of Business or Professional income.
Low cost, No Prepayment charges.
Guarantee based loan.
Repayment through Daily/Cheque/ECS.
Loan Limit 50% of paid Stock Value (Stock within 3 Months) or Rs. 5 Lakh whichever is less.
Repayment period Upto 48 Months.
ELIGIBILITY
ELIGIBILITY
Applicant having/ ready to have membership & ITR & Business Proof.
Applicant should have adequate income available for instalment.
REQUIRED DOCUMENTS
REQUIRED DOCUMENTS
Residential/ ID / Income Proofs – ITR/Business Proof/Photos of Borrower & 2 Guarantors.
Bank Statement.
Paid Stock Statement.
Note : Terms and conditions apply.
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