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This loan is curated for specially-abled people to become economically independent by starting their own business and to purchase durable and sophisticated aids / appliances that promote their physical and social rehabilitation.

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

      Conditions Apply*