Small & Micro Enterprise Loan

The Kalupur Commercial Co-operative Bank has introduced Small & Micro Enterprise Loan Scheme upto INR 10.00 Lacs for Small Enterprenuers. Details of the Scheme are as under:

Sr No. Particulars Scheme Grridelines
1 Objective

This Scheme intends to provide financial support from Banking system to Small & Micro Enterprises like Manufacturers, Traders, Service providers, Job workers, Provision Stores etc. for their business needs.

This Scheme is specially introduced to cater requiremert of such small business which are located in areas of Nikol, Kathwada, Bapunagar, Isanpur, Maninagar, Vatva, Naroda, Memco, Khokhara etc. in Ahmedabad & such other areas in other cities / towns of our Branches where applicants own immovable property but not wiliing to incur expenses for mortgage or title of property is not clear or havilg ancestral (inherited) property.

2 Nature of facility Term Loan only ( EMI as well as Non EMI )
3 Eligibitity

Applicant is engaged into the same line of business for minimum - 3 - years and must provide proof of their existing business.

Applicant is having satisfactory track record and credit Information Report of the Applicant is satisfactory.

Applicant / their family members must own immovable property (Residential or Commercial) and willing to execute undertaking of the said property.

4 Quantum of Loan Minimum INR 25,000/-
Maximum INR 10.00 Lacs
5 Rate of Interest 11.50% p.a
6 Tenure Maximum 60 Months
7 Processsing fees 0.40 % of of Loan amount - One time processing fees Minimum: 1,000/-.
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