Divyangjyoti

Limits of Loans:

1. Maximum loan up to Rs.5.00 Lakh

Eligibility:

1. All specially-abled Individuals – both salaried and self-employed, All specially-abled Minors through their Parents. (No advances to middle-men and NGOs).
   Individual should be employed for a minimum period of 1 year

Basis of Advance:

1. Salaried: 20 times of average monthly net salary
2. Businessmen: 3 times of average Net cash accruals or latest audited gross cash accrual with justification.

Repayment Period:

1. Maximum 60 months

Rate of Interest:

Fixed @ 9.25% p.a.

Security:

1. Hypothecation of the current assets i.e stock and debtors / Hypothecation of Equipment purchased out of Bank Finance

Processing Fees:

1. Nil

Shareholding:

1. As per extant shareholding norms

Documents Required:

1. Duly filled prescribed application form
2. Latest Photograph, Photo ID Proof and Residence Proof of the Applicant & Guarantor
3. Salary slips for last 3 months and Bank statement for last 3 months or Form No.16 of the Applicant of last one year