Professional Loan

Eligibility of borrower

  • Having current account holder of the Bank
  • Have good reputation and worthiness.
  • Borrower/ Partners/ Directors/ Guarantors must be a member of the Bank.
  • Machineries / Instrument / Premises which are to be purchase, must be for business purpose only

Purpose of Loan

  • Purchase of Machinery / Instrument / Premises for their own business.

Quantum of finance

  • Up to 90% of the cost of machinery / Instrument / Premises.

Share Linkage

  • Borrower must have Bank shareholding @ 2.50% of the loan sanction amount

Repayment period

  • Maximum 84 Months.

Rate of Interest

  • 8.00% p. a.



  • Machinery / Instrument / Premises should be hypothecated to the Bank.
  • Bank's name plate indicating machinery etc. hypothecated to the Bank will have to be displayed on machineries etc. / Premises where the machinery etc. has installed


  • Third party guarantee of two personal guarantors having good worthiness and financially sound and member of the Bank.
  • Simple mortgage of title cleared property of the borrower/guarantors