Urban Traders Loan

 

Urban Traders

 

Urban trader is a loan product wherein limit is provided to the traders against mortgage of the property.

Type of Facility: Overdraft Limit

Purpose: To fulfil working capital requirement

Eligibility: 1) Individuals /Units engaged in any commodity/goods and physical  required by the community and trading in them is not prohibited by Law or opposed to public interest.

2) Business unit should be profit making for the last two years

Limit Size:        Minimum 500000.00

                     Maximum 20000000.00

Rate of Interest: 9 TO 12% based on credit rating