TJSB Easy Credit

TJSB Easy Credit is a scheme for all small business units engaged in trading, manufacturing, service sector, etc.

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Term loan against new/existing plant and machinery and commercial vehicle and Cash credit limit for meeting working capital requirements.
Loan Limit :
Maximum Cash Credit up to Rs. 50.00 Lakhs
Maximum Term Loan up to Rs. 100.00 Lakhs
Rate of Interest : Linked with PLR As per Banks Credit rating
Repayment Period :
Term loan upto 84 months including moratorium
(Moratorium maximum upto 6 months*)
Cash Credit for 12 months with annual renewal

Who Can Apply : Individuals, Proprietary Firms, Registered Partnership Firms, LLPs, Private Ltd. Companies,etc.

i) Loan Application
ii) KYC Documents
iii) Financials
iv) Statements of Accounts
v) Other related documents as per bank norms
Prime Security :
Term Loan – Hypothecation of new/existing plant and machinery and commercial vehicle/Immovable Property/Liquid Security.
Cash Credit – Hypothecation of stock and book debts
Guarantors :
i) One acceptable guarantor of satisfactory income and net worth*
ii) Individual Partners in case of Partnership firms
iii)LLP & Directors in case of Company
iv)Security Owners
v)Nil Guarantor in case of 100% Collateral Security

* “Conditions Apply. Loan at the sole discretion of the Bank”