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The Jhalawar Nagrik Sahkari Bank Ltd

  • MAIL US

    mcsharma@jnsbwm.onmicrosoft.com

  • PHONE US

    07433222239, 9414191550

RETAIL TRADE LOAN

  • Loan
  • /
  • RETAIL TRADE LOAN


RETAIL TRADE LOAN

The Jhalawar Nagrik Sahkari Bank Ltd. business loan for traders provides quick funding for their business needs at the most affordable rates. Any individual or organization (partnership or proprietorship) whose primary business is the purchase and sale of products is eligible for this product. We specialize in offering unique solutions to traders, wholesalers, and retailers.


TERMS

    Eligibility : The following are some key eligibility criteria for those opting for a loan against LIC policy:
    • Minimum age of the applicant should be 18 years
    • Applicant must have a valid LIC policy
    • The LIC policy used for obtaining loan has guaranteed surrender value
    • At least 3 years of LIC premium has to be paid in full
    Interest Rate : 14.80% onwards
    Quantum Of Finance : As per eligibility of the borrower.
    Margin : 10% of the showroom price and 20% for old vehicle.
    Security : DDO undertaking and one employee guarantor with DDO undertaking.
    Repayment : Maximum 7 years for new vehicle and 5 years for old vehicle or date of superannuation of the applicant whichever is earlier.

*All other Terms & Conditions Applied. For more information please contact our Branch nearest to you.