Janakalyan Sahakari Bank Business Loan

Eligibility criteria for Janakalyan Sahakari Bank Business loans

The following can avail of the Janakalyan Sahakari Bank Business loans:

1. Individuals
2. Proprietary firm
3. Private Ltd companies
4. Public Ltd companies
5. Registered Partnership Firm
6. LLP

Features and benefits of Janakalyan Sahakari Bank Business loans

The following are the features and benefits of Janakalyan Sahakari Bank Business loans.

1. Loan Amount: Customers can meet their working capital requirements after proper assessment as per the cash budget methodology. The Janakalyan Sahakari Bank offers term loans with a minimum of 25% margin
2. Security: Immovable assets/FDR should be provided as collateral security. Book debts, stocks, machinery fixtures and furniture can be hypothecated. Factory/gala/flat premises can be mortgaged
3. Repayment period: Term loans can be extended up to 9 years. For working capital, the limit may be reviewed on a yearly basis

Documents required for Janakalyan Sahakari Bank Business loans

1. Filled-in loan application form
2. Profit and loss statement/balance sheet for the last 3 years
3. Proof of identity (KYC documents of entity and individuals)
4. Address proof
5. Passport-size photographs.
6. Property documents
7. Income details
8. Bank statements of six months
9. Net worth forms
10. Any other document requested by the bank