TJSB Trade Ease Loan
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Trade Ease Loan
The Bank has introduced special loan scheme for trades engaged in trading activities of various products to meet their working capital requirement.
You can avail a loan of up to Rs. 200.00 Lacs.
**“Conditions Apply. Loan at sole discretion of the Bank”
Type of Loan :
Term Loan / Overdraft / Cash Credit
Working Capital or acquisition of property.
Loan Amount :
i. Minimum Rs. 5.00 Lacs.
ii. Maximum Rs. 200.00 Lacs.
- Repayment :
i. For Term Loans : 60 months (maximum).
ii. For Cash Credit/Overdraft :12 months (renewable every year).
Rate of Interest : Linked with PLR As per Bank’s Credit rating.
Who can borrow :
Individuals, Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies engaged in trading activities.
- Business units should have been established in the line of business for a minimum period of 2 years & making profit for last 2 years and
submission of IT returns for 2 years.
Hypothecation of Stock & Book Debts and mortgage of immovable property (preferably commercial).