Loans offered to the following type of concerns
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Sole Proprietorships
Partnerships
Private Limited Companies
Unlisted Public Limited Companies. |
Income requirements
Net Income of the concern should be greater than Rs. 200,000 p.a.
A maximum of two incomes of the partners/directors holding a minimum of 25% stake each can be clubbed to the income of the concern.
Turnover requirement
Minimum turnover of the concern must be Rs. 1,000,000 p.a.
Age of the guarantor (wherever personal guarantee is applicable)
Minimum age of the guarantor to be 21 years
Maximum age of the guarantor to be 65 years at the time of the loan maturity |
