Business Loans

Loan Product Name	Overdraft(CC)	GAYATRI SARAL CC	GAYATRI Mortgage CC	SOD Against Property
Facility	Overdraft Limit	Overdraft Limit	Overdraft Limit	Overdraft Limit
Eligibility	Firm	Individual or Firm	Individual	Individual or Firm
Purpose	Business Working Capital Needs for Existing Business	Business Working Capital Needs for Existing Business	Genuine credit requirement business/personal purpose	Development of existing business to retail/small business professional self-employed people
Security	Primary: Hypothecation of Stocks & Receivables Collateral: Mortgage of Immovable Property	Primary: Hypothecation of Stocks & Receivables Collateral: Mortgage of Immovable Property	Primary: Hypothecation of Stocks & Receivables	Primary: Hypothecation of Stocks & Receivables
Rate of Interest	12.00% PA	13.00% PA	13.00% PA	13.00% PA
Loan Limit	Maximum Rs.500.00 Lacs	Maximum Rs.5.00 Lacs	Maximum Rs. 10.00 Lacs	Maximum Rs.100.00 Lacs
Guarantor	Government Employee/ I.T Assessee	Government Employee/ I.T Assessee	Government Employee	Government Employee/ I.T Assessee
Max Loan period	2 Years	2 Years	2 Years	2 Years
Repayment	Repayable on Demand	Repayable on Demand	Repayable on Demand	Repayable on Demand
Interest method	Diminishing Method	Diminishing Method	Diminishing Method	Diminishing Method
Margin	-	-	-	-
Processing Fees	Nil	Nil	Nil	Nil
Basic Documents	KYC documents of Borrowers and Guarantors. Copies of IT returns for last 3 years along with Financial Statements along with Business A/c statement for last one year. Title Deeds of the property offered as security. Other Documents As required.	KYC documents of Borrowers and Guarantors. Copies of IT returns for last 3 years along with Financial Statements along with Business A/c statement for last one year. Title Deeds of the property offered as security. Other Documents As required.	KYC documents of Borrowers and Guarantors. Copies of IT returns for last 3 years with a filing gap of minimum 6 months Title Deeds of the property offered as security. Other Documents As required.	KYC documents of Borrowers and Guarantors. Copies of IT returns for last 3 years along with Financial Statements along with Business A/c statement for last one year. Title Deeds of the property offered as security. Other Documents As required.
Terms & Conditions	As per Bank’s Loan Policy.	As per Bank’s Loan Policy.	As per Bank’s Loan Policy.	As per Bank’s Loan Policy.