Business Loan

Working Capital or Non-funded limits

For procurement of stock, financing against receivables, meeting advertisement expenses. Overdraft/Cash Credit/Term Loans /Demand Loans/Bank Guarantee/Letter of Credit for meeting working capital requirements.

Term Loan

For purchase of fixed assets, machinery, equipment etc and construction of office building/factory, godown, furnishing, interior decoration etc.

Demand Loan

For meeting general administrative expenses.

Who can apply

• Individuals, Self-employed professionals
• Firms- Proprietorship /Partnership/LLP/Companies
• Any other legal entity engaged in manufacturing / Service /Trading, excluding NBFCs/Chit Companies/Real estate/Export Credit

To avail the loan, you can choose any of these:

• Download the application form and submit it at your branch
• Call our contact centre executives
• Please visit any of our branches.

• Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
• Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
• Bank Account Statement (latest 12 months)
• Proof of continuation (ITR/ Trade license /Establishment /Sales Tax certificate)
• Income Tax/GSTR/ Sales tax returns of proprietor/partners/firms/companies, wherever applicable.
• Audited/Unaudited financial statements as applicable for the past two years, in case of existing units.
• Projected financial statements
• Copy of license/NOC from local body or license from the competent authority for running the business.
• Other documents may be requested as per individual/product requirements.

Repayment of the loan is made as Equal Monthly Instalments/EMI/Graded.

You can use any one of the ways to repay the loan: 

• Cheques
• Standing instructions at your branch
• FedNet - Internet Banking
• NACH
• Mobile Banking

Please visit the Interest Rates page for details