Eligibility

• Primary: Hypothecation of article financed .
• Collateral: Third party Guarantee of one person.

Rate of Interest(subject to change)

• Nil

• 60 months

• 25 %

• Disbursed in cash
• Revolving type facility, as full limit can be restored on request of the borrower subject to the following:-
  • Revolving facility shall be allowed, if outstanding balance has been reduced to below 40% of the term loan and the borrower has not more than two installments in arrears at the time of sanction of fresh loan.
  • Facility shall be allowed as a fresh term loan as per guidelines of the scheme in vogue at the time of fresh sanction.
  • Fresh Loan documents shall be obtained.
  • Branch to open fresh loan account and balance outstanding in the existing loan account to be adjusted from the proceeds of the fresh loan and rest amount shall be transferred to the saving account of the borrower.

• Permanent employees of Central/State Govt., Public Sector Undertakings (State & Central), Autonomous Bodies and Institutions.

• 36 months gross salary or 15.00 lacs whichever is lower.

• Nil

• 84 monthly installments or remaining period of service whichever is lower.

• “JK Bank Saral Finance to Small Businessmen”
  Working Capital Term Loan Scheme

• To provide working capital term loan finance to small traders/vendors

• Term Loan

• Existing Small businessmen/ traders/vendors.
• Existing Businessmen Should have been in existence for at least two Years.( Existence of the units to be verified by the concerned Branch – through purchase bills related to the activity/ stocks of the unit or any other documentary proof- Copy of the same be kept on record)
• Should not be availing any credit facility from any financial institution/ bank for existing business activity.
• Borrowers’ residence/place of business establishment shall fall within the service area of the branch through which the loan is disbursed.
• Outlook for the sector/s in which the firms are involved should not be negative.
   

• Min: 10,000 (Rupees Ten Thousand only)
  Max: 3,00,000 ( Rupees Three Lacs Only)
  The permissible finance to be assessed purely on the need based working requirement of the unit, to be worked out by the business Unit with maximum quantum of 3.00 lacs.
   

• 25% of paid up stocks and book debts
   

• Initially 5 years from ist disbursement subject to review after every two years.
   

• Primary:
  1) Hypothecation of stocks existing as well fresh to be purchased & Book debts.
   
• Collateral:
  1) Loans upto 50,000 shall be allowed on personal guarantee of the Borrowers.
  2) Third Party guarantee of two persons of sound means against loans above 50000 shall be obtained.
   

• Nill

• Disbursed in cash
• No questions asked about its end-use.

• Central and state government pensioners drawing pension through the bank.

• Maximum 2.50 lac or 18 months net pension, whichever is lower, for pensioners below the age of 65 years.
• Maximum 1.50 lac or 12 months net pension, whichever is lower for pensioners above 65 years to 70 years of age.
• Maximum 0.70 lac or 9 months net pension, whichever is lower for pensioners above 70 years of age.

• Nil

• Guarantee of spouse eligible for family pension or of any other family member or a third party guarantee which is considered good for the amount of advance.

• Click here for rate of Interest

• Up to 65 years : 48 months
• Above 65 years to 70 years : 36 months
• Above 70 years : 24 months

• To provide hassle free working capital finance to the borrowers.

• Cash Credit
• Overdraft.

• Retail and wholesale traders and other business enterprises, with a satisfactory track record of 3 years.

• Primary Hypothecation of stocks and book-debts
• Collateral Mortgage of Unencumbered residential house/flat, commercial or industrial property with a clear marketable title in the name and possession of the borrower/Proprietor/ Partner/s/Director/s either self occupied or vacant.

• The Scheme would provide finance to individuals/Business Enterprises having minimum net annual income of 1.00 lacs per annum against mortgage of immovable property situated in Metros/Urban/Semi-Urban areas.

• For meeting their business and/or any personal need/expenditure.

• Minimum net annual income should be 1.00 lacs.

• 30 times net monthly income or 100.00 lacs whichever is lower.

• 0.50 lacs

• 100.00 lacs
  
   

(In case of individual borrowers, the income of the spouse can be taken into consideration for determining the loan amount. In such cases, the facility would be allowed in the joint names.)

• Term Loan

• Registered/Equitable mortgage of unencumbered residential house/flat, commercial or industrial property with a clear marketable title situated in Metros/Urban/Semi-Urban areas/centers only and which stands in the name and possession of the borrower/business enterprise. The forced sale value / market value of the property shall have to be at least equal to 1.5 times of the loan amount. Besides the property should either be occupied by the borrower himself or should be vacant.

• The loan granted under the scheme together with interest thereon would be repayable within a maximum period of 84 months through (EMI’s) commencing one month after disbursement of the loan. The repayment shall have to be fixed on a realistic basis so that the loan deductions including EMI for the loan granted under this scheme do not exceed 60% of the borrower’s gross income.

• The scheme is launched to provide hassle free cash credit facility to Fair Price Shops. The facility under this scheme can be availed to meet working capital requirements for procuring the supplies –food grains and sugar from Assistant Director (Stores).

• All the dealers who have been granted dealership by Director of Consumer Affairs & Public Distribution for sale and storage of food grains and sugar under the Public Distribution System and have satisfactory dealings with CAPD for past one year

• The facility shall be provided to the dealer to procure supplies –food grains and sugar from Assistant Director (Stores) CAPD.

• Working capital Facility

• The amount of loan shall be restricted to 75% of the monthly purchases of food grains by the dealer with a maximum of   4.00 lacs only

• Primary: Hypothecation of Food grains.
• Collateral: Third party guarantee of two persons of sound means

• 25% of the monthly purchases.