VVCC Bank| SMSBanking
VVCC Bank| SMSBanking
Loan To Professional

loan to Professionals : 10.00% (WEF 01-11-2018)

Purpose : Doctors, Chartered Accounts, Architects, Professional Consulting Engineers etc.

  1. TO purchase/ contruct/ repair of Business Premises
  2. To purchase instruments/equipments/furniture.
  3. For working capital requirement
Eligibility : Minimum 3 years experiance of practice in the field.
Margin : 0% of loan amount
Repayment Period : Max. 84 months for term loan.
Rate of interest* : 10.00% P.A. with monthly rests.
Processing fee : Nil
Early Payment Charge : Nil
Share Linking : 1.00% of the loan amount.**
Guarantee : Two guarantors.
Security : Mortgage of immovable property or collateral security in the form of LIC/NSC/KVP or gold ornaments.

VVCC Bank| SMSBanking