Deprived Sector Loan

The Deprived Sector Loan Product  is designed to provide financial support to economically disadvantaged individuals, low-income families, marginalized communities, and physically disabled persons, aiming to uplift their economic and social status.

Features

Interest Rate Negotiable
Interest Posting

Quarterly

Documents

  • Copy of Citizenship Certificates of the borrower and the personal guarantor(s)
  •   Income source evidencing documents
  • Copy of PAN
  • Family Tree
  • Personal Net-worth of the borrower and Guarantor
  • Clean CICL Report
  • In case of firm or company, copies of registration certificate, PAN, license obtained from the concerned authority
  •  In case of public limited company, MOA and AOA, loan application proposal approved by BOD and a copy of decision from board meeting
  • If loan to be used against collateral, documents including land ownership certificate, land revenue paid receipt and map issued by land survey office
  • In case of vehicle financing, tax clearance documents, insurance, blue book, and other related documents