Industrial Loan

Purpose of Loan

This Loan is provided for purchase of new plant & macheneries for industrial purpose for our society members development. The sanctioned Machienary should be hipothicated to Society.

Documents to be Submitted for Loan

  • 2 Surities of Society Members
  • Address Proof
  • Pan Card
  • IT returns of 3 years
  • Proforma Invoice of Machinaries
  • Catalog & literature of Machine
  • Tax Paid Receipt of building to be Proivded if having own premises for running the industry else submit the rental agreement.
  • Industrial License
  • Power License
  Duration (Years) Rate of Interest (%) Per Annum Maximum Loan Provided
Purchase of new machinaries 5 Years /
60 (months)
14% PA 60% on Machinary Basic price or Rs. 5 Lakhs which ever is less