Shrimant Malojiraje Sahakari Bank Ltd.

Business Loan

Purpose	For Set up, expansion and modification a business unit
Who can benefit this Loan	Any Account Holder who is Businessman / Professional with repaying capacity
Security	Business Stock Additional Collateral Security ( If required )
Loan Amount	75 % of business Proposal .
Margin	25%
Repayment	Maximum 84 months.
Insurance	Must be insured with full value of stock & consumer durables with Bank's clause.
Guarantors	Two guarantors having satisfactory Net Worth
Moratorium Period	Moratorium period allowed
Documents	Loan Application form Current Account Statement for verification Certified audited balance sheet for last 3 years Last three years Income proof of Borrower & Guarantors KYC of borrower and Guarantors MSME Registration certificate Last 3 years of ITR or Project Report Income proof for last three years if businessman IT return last 3 year Copy of rent receipt / maintenance receipt / leave and license agreement Statement of Annual turnover of accounts with other financial institutions Sale / Purchase / Service charges received / paid from the date of last balance sheet till last completed month.
Positive Points	No Prepayment charges No Pre Closure Charges Repayment EMI at monthly res

** FOR MORE DETAILS INFORMATION CONTACT TO YOUR NEAREST BRANCH **