TJSB Trade Ease Loan

The Bank has introduced special loan scheme for trades engaged in trading activities of various products to meet their working capital requirement.

All you need to know

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Type of Loan: Term Loan / Overdraft / Cash Credit
Purpose : Working Capital or acquisition of property.
Loan Amount :
i. Minimum Rs. 5.00 Lacs.
ii. Maximum Rs. 300.00 Lacs.
Repayment
i. For Term Loans : 60 months (maximum).
ii. For Cash Credit/Overdraft : 12 months (renewable every year).
Rate of Interest : Linked with PLR As per Bank’s Credit rating.

Who can borrow
Individuals, Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies engaged in trading activities.
Business units should have been established in the line of business for a minimum period of 2 years & making profit for last 2 years and submission of IT returns for 2 years.
Security
Hypothecation of Stock & Book Debts and mortgage of immovable property (preferably commercial).

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