Professional Loan

To meet financial needs or to finance premises, Medical equipment/Machinery, tools, Furniture & Fixtures,Hospital Utility Vehicles,etc.
Cash credit Limit for working capital requirement.

All you need to know

  • Term Loan for Machinery/equipment,furniture & fixture, hospital utility vehicle/ property,etc.

    i. Loan Limit : Maximum upto Rs. 100 Lacs
    ii. Repayment Period :
    a. For Machinery, Equipments,etc- Maximum 84 months
    b. For Property/Premises - Maximum 120 months

  • Cash credit for working capital requirement.

    i. Loan Limit : Maximum upto Rs. 5 Lacs.
    ii. Repayment Period : Renewal every year.

  • Pre-Payment Penalty : Nil
  • Rate of Interest : 8.99%* p.a.
  • Service Charges : Applicable from time to time.

    Get Professional Loans from TJSB Bank.

  • Applicant

    Individuals or Proprietary Concern/Partnership firms/LLP/Pvt./Ltd. Co. Of any Professional like Medical Practitioners, Chartered Accountant, Cost Accountants, Company Secretaries, Architects, Practicing lawyers, etc.
    Businessmen/Profession should have establishment of minimum 3 years. Preferably
    Fresher-New in business/profession holding degree & certificate of practice are also eligible along with parent/spouse, family members as co-borrowers/guarantors.

  • Co-Applicant

    Co-Owners of property must be taken as Co-applicant.
    Spouse /parents of the applicant other than Co-owners can be taken as Co-applicant.

  • Guarantor : Other than co-owner/security holder one acceptable guarantor.
  • Duly filled form with

    i. Income Proof of Applicant(s) & Guarantor(s)
    ii. Residential Proof of Applicant(s) & Guarantor(s)
    iii. PAN Card of Applicant(s) & Guarantor(s)
    iv. KYC of Applicant(s) & Guarantor(s)

  • Term Loan For Machinery, Equipments, Property etc.

    i. Prime Security :Hypothecation /Mortgage of Asset to be acquired/purchased.
    ii. Other charges : Franking/stamp charges, CERSAI, Filing Mortgage, Property Insurance, etc.

  • Cash credit for working capital requirement.

    i. Prime Security : NIL or Hypothecation of Stock /Book Debts/ Machinery, etc.
    ii. Other Charges : Franking charges.

  • Borrower & Co-Borrower : Regular membership fees
  • Guarantors : Nominal membership
* “Conditions Apply. Loan at the sole discretion of the Bank”

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