Your Business, Our Support –Janata Vyapar Yojana Awaits.!
Features
Purpose
Security
Eligibility
Interest Rate
Features
Pre-Payment Charges: Nil
Repayment: 12 months.
Processing Charges: 1% (Lowest in the Industry).
Pre-closure Penalty: 2% of outstanding loan amount at the time of closure (If taken over)
Maximum Amount: Up to Rs.5 Lakh.
Purpose
Clean cash credit for Traders/Businessman/Professional Etc. to meet their working capital requirement.
To expand their operations, open new locations, or invest in new product lines.
To acquire necessary equipment or technology to enhance productivity and efficiency.
Security
Collateral security for a Janata Vyapar Yojana loan may include assets such as property, inventory, machinery, or personal guarantees, depending on the loan amount and the borrower’s financial profile.
Eligibility
Guarantors: Minimum 2 guarantor with good net worth and regular income above Rs.25,000/-Per month.
Collateral: 25% of limit sanctioned in the form on FDR/NSC/LIP (SV).
Interest Rate
For Retail Traders dealing in Pharmaceutical/Medical Products, Hospital / Surgical Equipements: 11.00% P.A.
For Other Retail Trade/Business, Professions etc.: 11.50%P.A.
