TJSB Easy Credit is a scheme for all small business units engaged in trading, manufacturing, service sector, etc.
Rate of Interest : 10%*
Repayment Period :
- Term loan against new/existing plant and machinery and commercial vehicle and Cash credit limit for meeting working capital requirements.
- Loan Limit :
Retail Traders & Shops – Maximum upto Rs.10 Lacs
Manufacturing activity/Service Sector – Maximum upto Rs.25 Lacs
Term loan upto 84 months including moratorium
(Moratorium maximum upto 6 months*)
Cash Credit for 12 months with annual renewal
Who Can Apply : Individuals, Proprietary Firms, Registered Partnership Firms, LLPs, Private Ltd. Companies,etc.
Prime Security :
- i) Loan Application
ii) KYC Documents
iv) Statements of Accounts
v) Other related documents as per bank norms
Term Loan – Hypothecation of new/existing plant and machinery and commercial vehicle
Cash Credit – Hypothecation of stock and book debts
i) One acceptable guarantor of satisfactory income and net worth*
ii) Individual Partners in case of Partnership firms
iii)LLP & Directors in case of Company
v)Nil Guarantor in case of 100% Collateral Security
- Borrower/Co-Borrower : Regular membership fees
- Guarantors : Nominal membership