Business Credit Card Scheme

Eligibility:

• Branch area urban / rural non-defaulting persons who are willing to start private business, new business situation required substantial experience.

Loan Limit:

• Maximum Rs 25000.00 (as the term or cash credits).
• Based on the Business benefits and the borrower's repayment capacity.

Validity:

• Loans will be approved for a maximum of 5 years. To be renewed annually and the review of the renewed account is required.

Margin:

• 15% margin, and the loaning amount will be 85%.

Interest Rate:

• Interest rate will be 10.50% annually and will be charged on a monthly basis.

** For more information please visit your nearest branch of District Co-operative Bank Ltd. Saharanpur.