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Bank guarantee format

A bank guarantee is a promise provided by a bank that if a certain borrower fails to pay a loan, then the bank will take care of the losses. A bank guarantee format is a sample document of a contract of guarantee. For example: 

To, 

Fianaceseva  

611- DDA bui9lding,  

behind scope Minar, 

Laxmi Nagar - 110092   

Guarantee No.: Guarantee Cover from:  

Amount in Rupees: Rs. / Date:  

WHEREAS ____________, a Company incorporated under the companies Act, 1956 and having its Registered Office at ____________________ in pursuance of Purchase Order No. _____________, dated _____ for the supply of _____________________.  

AND WHEREAS it has been stipulated by you in the said contract that the supplier shall furnish you with a bank guarantee by a scheduled commercial recognized by you for the sum specified therein as security for compliance with its obligations in according with the contract. AND WHEREAS we ____________________, have agreed to give the supplier such a bank guarantee;  

NOW THEREFORE we hereby affirm that we are guarantors and responsible to you, on behalf of the supplier, up to a total of Rs. __________/ and we undertake to pay you, upon your first written demand declaring the supplier to be in default under the contract and without cavil or arguments, any sum, or sums within the limits of Rs. _________/, as aforesaid, without your needing to prove or to show grounds of reasons for your demand or the sum specified therein.  

We hereby waive the necessity of your demanding the said debt from the supplier before presenting us with demand.  

We further agree that no change or addition to or other modification of the terms of the contact to be performed there under or of any of the contract documents which may be made between you and the supplier shall in any way release us from any liability under this guarantee and we hereby waive notice of any such change, addition, or modification. This guarantee shall be valid for ___________ from the date of final supply against PO.  

This guarantee shall be valid until the _________  

PO reference No. ____________ dated __________  

Notwithstanding anything contained herein our liability under this Bank Guarantee shall not exceed the amount of Rs. ____________/.  

This Bank Guarantee shall be valid up to ___________and we are liable to pay the guaranteed amount or any part thereof under this bank guarantee only and only if you serve upon a written claim or demand lodged at our bank counter on or before ____________  

All claims under the guarantee will be payable at ____________________________. 

This Guarantee will be returned to us as soon as the purpose for which it is issued is fulfilled. 

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Home Loan Interest Rate in India 

Home Loan Interest Rate in India 

Home loans can be provided for the purchase of a house/flat, construct a house, renovate/repair an existing house, or purchase a plot for the construction of a house/flats.

These are provided by public and private sector banks as well as housing finance companies as listed on National Housing Bank's website Banks and HFCs (housing financial companies) based on interest rate in India. There are two types of home loan interest rates charged by most of the banks, Fixed interest rates and Floating Interest Rate. In   comparison the lowest home loan interest rate starts from 6.65% p.a. and applying for the best home loans. 

Home Loan Interest Rate of all Banks 2022 

There are some banks from India with their interest rates on home loans that are given below: 

Banks   Starting Interest Rate (p.a.)   Processing Fees  

Kotak Mahindra Bank  7.50% p.a. onwards   0.50%  

Citibank   6.65% p.a. onwards   Rs. 10,000  

Union Bank of India  7.40% p.a. onwards   -  

Bank of Baroda   7.45% p.a. onwards   Contact the bank for information  

Central Bank of India   7.40% p.a. onwards   Rs. 20,000  

Bank of India   6.90%   -  

State Bank of India   7.55% p.a. onwards   0.35% onwards  

HDFC LTD   7.55%*   0.5% or Rs.3,000 whichever is higher  

LIC Housing Finance   7.55% p.a. onwards   Rs. 10,000 -Rs. 15,000  

Axis Bank   7.60% p.a. onwards   Rs. 10,000  

Canara Bank   7.05% p.a. to 9.30% p.a.   0.50% of the loan amount subject to a minimum of Rs. 1,500, and a maximum of Rs. 10,000  

Punjab and Sind Bank   7.40% p.a. onwards   Full Waiver  

IDFC First Bank   7.50% p.a. onwards   Rs. 5,000 - Rs. 5,000  

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Unsecured Loans India

Unsecured loans are those that are provided by the banks and other financial institutes without mortgaging any collateral, risk of asset loss is eliminated, for loan disbursement.

The bank analyses the past relationship with the borrower, the credit score, and other factors to determine whether the loan should be given or not. The interest rate for such loans can be higher as compared to secured loans because there is no way to recover the loan amount if. 

There are various unsecured loans which are available in India for the borrowers some are following provides by banks and other lenders:  

Education Loan 

Education loans can avail by the students who wants to pursue higher education in India or abroad. Due to lack of money, students can go for financial instruments such as education loans. The course can either be an undergraduate degree, a postgraduate degree, or any other diploma/certification course from a reputed institution/university. You must have the admission pass provided by the institution to get the financing.  

Personal Loan 

The purpose of the personal loans can be anything like consolidating, old debts, to pay medical bills, for wedding, to purchasing big-ticket furniture or gadgets etc. If you have liquidity issue, you can go for a personal loan. Personal loans are offered based on the applicant’s past relationship with the lender and credit score or with a stable source of income. 

Vehicle Loan  Vehicle loans can be avail for the purchase of two-wheeler and four-wheeler vehicles. Further, the four-wheeled vehicle can be a new one or a used one. Based on the on-road price of the vehicle, the loan amount will be determined by the lender. You may have to get ready with a down payment to get the vehicle as the loan rarely provides 100% financing. The vehicle will be owned by the lender until full repayment is done. 

Home Loan  Home loans can be provided for the purchase of a house/flat, construct a house, renovate/repair an existing house, or purchase a plot for the construction of a house/flats. 

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Machinery Loan for Startup

What is a machinery loan? 

It is a business loan for the purpose of buying new/used machinery or equipment for a business. Machinery plays a significant role in the success of a business and achieving the production target. Machinery loan upgrades to newer technologies using which production can be increased in less time. As a result, production will be able to meet customer needs within time. Naturally, manufacture products that will be high in quality 

The machinery you invest in via machinery finance solutions will improve your manufacturing efficiency and result in timely delivery of products. Improved productivity will naturally improve sales, leading to greater ROI (Return on Investment). Moreover, the increase in productivity will reduce the cost per unit, further enhancing profits. 

You can apply online via website of various banks and other financial institutions and have your loan approved or You can physically visit any of our nearby branches of banks. 

The following documents in addition to filled out loan application is required for the approval of a Machinery Loan for Startup for most banks and other financial institutions. 

Photo Identity Proof – copy of Voter ID/Passport/Driving License/Aadhaar Card. 

A copy of certified bank statements for the last six months. 

Business Proof documents – Trade License/Sales Tax Certificate/Sole Proprietorship Declaration/ Partnership Deed/Income Tax Returns along with computation for the last two years/Profit and Loss Statement and Balance Sheet for the last two years. 

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Perfect Capital Loan

 Perfect capital loans are offered by banks and financial institutes for small and medium enterprises to meet their working capital requirements.

Perfect capital loans are used by the firms to cover their daily operational expenses. This is a popular loan in India among business owners for recurring expenses like account payable, wages, etc. This is a kind of business loan which is used by SMEs and start-ups. 

Features of perfect capital loan

1. Perfect capital loan is a short-term loan in which the amount is up to 2 cr. and for a tenure of 1 to 36 months.

2. Perfect capital Loan amounts can be avail ranging from 50 thousand to 2 crores. 

3. The process to get a perfect capital loan is online, a hassle-free process to avoid visiting and physically waiting in long queues. The application is simple and easy for everyone.  

4. there is no requirement of collateral, an unsecured capital loan reduces the risk of loss of assets. This is beneficial for business and there is no risk

5. There is a Fair interest rate ranging from 1% to an average of 2% per month, and it also depends upon the creditor's profile. Processing fee One-time processing fee of 2 to 3%, no other hidden costs or charges. 

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Mudra Loan Eligibility Documents

Mudra loans are offered by various banks and financial institutions that can be used by the applicants with a minimum age of 18 years and a maximum age limit of 65 years. The applicant should not have any past loan defaults with any financial institution and primarily should have a good repayment history.  

  These loans are often availed by individuals, self-employed professionals, business owners, women entrepreneurs, MSMEs, and other business entities engaged in the services, trading, and manufacturing sectors. There are the following categories and required documents are motioned below: 

 Vehicle Loans  

Mudra Application Form 

Vehicle loan application form 

2 passport size color photographs 

Photo Identity proof 

Address proof 

Income proof 

Bank statement (last 6 months) 

Business Installment Loan 

Mudra Loan application form 

BIL application form 

Photo identity proof 

Address proof 

Establishment proof 

Bank statement (last 6 months) 

Ownership proof of residence/office 

Proof of continuity of business 

Proof of qualification 

Trade references 

2 years ITR 

CA certified financials 

Business Loans Group and Rural Business Credit 

Mudra application Form 

BIL/RBC application form 

Photo identity and age proof 

Address proof 

Ownership proof of residence/office 

Business vintage proof 

Bank statement (last 12 months) 

Income tax return (last 2 years) 

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Business Loan Eligibility

Financeseva offers unsecured Small Business Loan in Delhi for low interest rates.Check your eligibility criteria for a business loan in Delhi here. 

Eligibility Criteria for Small Business Loan 

The criteria that you must meet before applying online for a small business loan include: 

The applicant must be a self-employed professional, manufacturer, retailer or trader 

The minimum age to apply for a business loan application should be 21 years 

The maximum age at the time of loan maturity should be 65 years 

The applicant should be running a business for 3 years and have at least 5 years of business experience 

How to Apply for Business Loan? 

There are two ways through which one can avail a business loan, either through a online process or by visiting the nearest branch of the lender.  However, prior to applying for a business loan, make the best use of business loan eligibility calculator to know your eligibility check, and business loan EMI calculator to estimate your monthly payable EMIs. It is recommended to go through the basic business loan eligibility criteria of the lender as well as required documentation before approaching any lender and to reduce the chances of rejection. 

Steps to Apply for Business Loan Online 

Visit Financeseva.com - click on “Business Loan” page. 

Fill in the basic form with correct value which includes personal details requirement specification. 

Shortly, a dedicated executive will get in touch with you and explain about the product specifications and check your eligibility 

After fulfilling the requirements and document submission, your application will go through various stages of verification 

Once the verification is completed, your loan application will be approved. 

A sanction letter will be shared over your registered mail address following with amount will be credited to your mentioned bank account. 

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Venture Debt Loan

What is Venture Debt? 

Venture debt is a kind of debt financing taken by startup businesses and early-stage companies. This kind of debt financing is commonly utilized as a complementary technique to equity venture financing. Venture debt can be provided by two different banks that specializing in venture lending and non-bank moneylenders. 

Venture debt can be a feasible option in equity venture financing. Similar to different strategies for Venture Debt Loan debt funding, an essential advantage is forestalling the further weakening of the equity stake of an organization's existing investors, including its workers. 

How Does Venture Debt Financing Work? 

Venture debt works uniquely in contrast to standard mortgages. The debt is short-to medium-term in nature (up to three or four years). The principle of obligation is typically resolved utilizing the sum brought up in the last round of equity financing. The commonly acceptable principal amount is 30% of the complete assets brought up in the last round of value funding. 

Most of the venture debt is an instrument that involves interest payments. The payment depends on either the prime rate or another interest rate benchmark like LIBOR. Likewise, in venture debt financing, the lenders get warrants on the organization's common equity as a part of compensation for the high default risk. The all out worth of the distributed warrants represents  5% to 20% of the principal amount of the advance.

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Home Loan Eligibility 

Home loan eligibility criteria has common parameters across all banks and Non-Banking Financial Companies (NBFCs). However, there could also be specific criteria that is applicable for each lender according to their requirements.  

It is essential to understand the criteria that is required to be eligible for a home loan. It helps to ensure that the process of application becomes smoother and easier for you. 

Eligibility Criteria for Home Loan 

Age   18 – 70 Years  

Income    Rs. 25,000 

Credit Score  Above 750 

Employment Status  Salaried or Non-Salaried 

Work Experience  2 Years  

Loan Amount  Decided by the Lender  

Residence Type  Permanent resident or Non-resident Indian (NRI) 

LTV Ratio  Up to 90% 

Property Type  Completed /Under Construction Project, Land/Plot, build on own Land, Buy Land and Build Home 

What are the Factors Affect Home Loan Eligibility? 

Age Limit: The limit of age foremost factor a lender/ financier considers when one applies for a housing loan. Normally, financial institutions attempt to limit the house loan term to the primary applicant's age of superannuation.  

Income: The applicant falls into, a steady and regular source of income is a must. Basically, there are fewer risks in loaning money if the applicant is an earning individual. 

Rate of Interest: Home finance eligibility is always inversely proportional to the rate of interest. If the rate is higher, eligibility will be less and vice versa. 

Loan Term: If you opt for a longer tenure, your eligibility will improve. EMIs too will be lesser and manageable. But the downside to this is, that you will end up paying more interest.

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Commercial Property Loan Interest Rate in India 

Commercial Property Loan Interest Rate in India 

Commercial property loan comes with an attractive interest rate. The following are the best commercial property loan interest rate in India available in the market. 

Bank  Interest Rate  Processing Fees 

HDFC Bank  9.05% - 11.05%  0.75% - 1% 

Yes Bank  9.05% - 11.05%  Up to 1% 

Axis Bank  8% - 10.05%  Up to 1% 

Kotak Mahindra Bank  8.9% - 9.85%  0.75% - 1% 

IDFC First Bank  9.05% - 12.05%  Up to 1% 

ICICI Bank  9% - 10%  0.75% - 1% 

Standard Chartered   8.75% - 11.05%  Up to 1% 

Fullerton India  10 - 12%   Up to 1% 

IndusInd Bank  9.5% - 10.5%  Up to 2% 

Bajaj Housing Finance Company  8.05% - 12%  Up to 1%  

Punjab National Bank  9.05% - 12%  Up to 1% 

Edelweiss   9.05% - 12%  Up to 1% 

TATA Capital  11% - 15%  Up to 1% 

Magma Fincorp  12% - 15%  Up to 1% 

HDB Financial  11% - 14%   Up to 1% 

RBL Bank  9.05% - 12%  Up to 1% 

Aditya Birla  10 – 11.05%  Up to 1% 

DSB Bank  9.05% - 15%  Up to 1% 

HDFC Limited   9.05% - 11.75%  0.75% to 1% 

Karnataka Bank  10.5% - 13.2%  Up to 1% 

Union Bank of India  10.5% - 11%  0.50% to 1% 

You can apply for a commercial property loan online and offline by visiting the nearest bank branch. The online application process is quite easy and hassle-free. You can apply directly on our financeseva website by filling out the basic details. Within 24 hours of receiving your enquiry, our dedicated representative will get you in touch to understand your requirements better.

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Can NRI apply for Home Loan in India 

Can NRI apply for Home Loan in India 

Non-Residents Indians (NRI) can apply for a home loan in India that are provided by various banks and financial institutions. NRI home loans come at a lowest interest rate starting at just 7.75% p.a. You can avail a wide range of housing needs which includes purchase of flat/house/plot, construction and towards costs of renovating/repair of an existing home. 

  NRI Home Loan Eligibility 

Age  18 to 70 years  

Type of Employment  Salaried or Self-employed 

Nationality  NRIs 

NRI Home Loan Eligibility Calculator 

Your home loan eligibility depends on various factors such as monthly income, current age, credit history, fixed monthly financial obligations, credit score..etc.  

However, the NRI home loan eligibility calculator helps you figure out how much loan you can get from lending institutions based on the above-mentioned parameters.  

The online tool is easy to use and hassle-free. All you need to do is enter the details as required. With just one click you will get to know how much loan you are eligible for. 

Tax Benefits of NRI Home Loans 

Under Section 80C of the Income Tax Act, 1961, Non-Resident Indians are eligible for tax benefits on home loans if they file income tax returns in India. This tax deduction is for the interest component of the home loan and the principal component. 

In case if your home for which you have taken the home loan for is lying vacant in India, you can avail the following tax benefits on your home loan: 

Interest component: Deduction of up to Rs.2 lakh on the interest amount repayments 

Principal component: Deduction of up to Rs.1.5 lakh on the principal amount repayments 

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Project for Bank Loan

A project for bank loan is a document that details out about a business or project for which finance is being sought.  

It includes the details about the financial, economic, managerial, and technical aspects of the project or business in question. 

Key elements of Project for Bank Loan

  Summary of the business/project: This entails what the business or project is about and its requirements for finance. 

Scope & prospect about business: You have to describe the scope of projects, their current status & prospects for the future. Additionally, about the technical & financial feasibility of the project for bank loan. 

Requirements of resources: Describe the infrastructure & technical feasibility requirements of projects, along with cost & capability.  

Details of the target & prospective customers: State the consumer profile of the project in question, about the prospects of scaling up & target customers. 

Details of investment: Specify the information of investment required along with specification, this is essentially the cost of the project. 

Source of finance: Estimate how the borrowing funds are being used. Examine the details of owned and external funds. 

Project financial statement: It includes financial statements such as profit & loss statement and balance sheet. 

Financial projections: Quantitative projections on Income, expenses sources of Project Report funds, and applications of funds. 

Ratio analysis: Details of computation & analysis of financial statements through key ratio & their implications. 

Funds flow statement: Entitles about the funds from where they are sourced, and the application of funds are involved. 

Breakeven Analysis: Analysis of the breakeven point of the project, its feasibility in terms of cost & benefits. 

Conclusion: Conclusion about the project, about its strengths, weakness, opportunities & threats. 

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Machinery Loan

With increasing digital advancement in today's world. To keep up with the market demands, your business needs continuous expansion of the latest equipment. With the increasing costs of the latest equipment and machinery, it causes difficulties procuring the equipment. That’s why a machinery loan came into the picture.  

How to Apply for Machinery Loan? 

You can apply for Machinery Loan via two online or offline. The majority of the banks and financial institutions offer both modes of application to suit the borrower.  

Online Mode 

In this section, we take you through how to get a loan for machinery online. Let’s take you are applying online. So, here is the complete step-by-step guide for the online procedure. 

  Step 1: As the borrower, you have to visit the bank’s official website. 

Step 2: In case you are an existing bank customer, use your login credentials to log into the website. If you are not a customer, you can still apply for a machinery loan by setting up your account or applying through the offline mode. 

Step 3: Fill in all the mandatory details displayed on your screen. These details would include your Personal information, Income details, Business details and Machine Loan requirements. Do follow the step-by-step instructions displayed on the screen.  

Step 4: Submit the loan application form online.  

Step 5: Upload and submit all the mandatory documents for machinery loan together with personal, business, income proofs and photographs.  

Step 6: Upon submitting the documents, the Bank's loan executive will contact you to continue with the loan procedure.  

Step 7: On verification check of your documents and application form, once the approval is in place for the loan.   

Step 8: The Bank shall approve the loan, and the funds will be disbursed to your business bank account within 5-7 working days. 

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Personal Loan Interest Rate

Personal loans are one of the popular financial products that you can use to meet various financial requirements. 

There are several banks in India who offer best personal loans to their customers, and you can easily apply for it either online or offline. 

However, before availing such a personal loan, you should check the interest rate offered by different banks which varies between 10.50% p.a to 24.00% p.a. 

Compare the latest personal loan interest rates and processing fee of all banks and apply today. 

Current Personal Loan Interest Rate of All Banks 2022 

Bank  Interest Rate p.a  Processing Fee 

HDFC Bank  10.50% - 21.00%  Up to 2.50%  

Yes Bank 10.99% - 16.99%  Up to 2.50% 

CITI Bank  11.00% - 16.59%  Up to 3% 

Kotak Mahindra Bank  10.25% and above  Up to 2.50% 

Axis Bank  12.00% - 21.00%  Based on bank 

IndusInd Bank  10.49% - 31.50%  3.00% Onwards 

HSBC Bank  9.50% - 15.25%  Up to 1% 

IDFC First Bank  10.49% Onwards  Up to 3.5% 

Tata Capital  10.99% Onwards  Up to 2.75% 

State Bank of India  10.60% - 15.65%  Up to 1.50% 

Karnataka Bank  12.00% - 17.00%  Up to 2.50% 

Bank of Baroda  10.50% - 12.50%  Up to 2% 

Federal Bank  10.99% - 17.99%  Up to 3% 

IIFL   24.00% Onwards  Up to 2% 

Bank of India  10.70% - 12.40%  Up to 2.50% 

Punjab National Bank  11.10% Onwards  Up to 2% 

A personal loan is a type of unsecured loan that allows the bank or financial institution if you require funds to pay for your financial needs. The maximum amount of loan depends on your monthly income. In India, there are lenders who offer up to Rs.40 lakh.

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Home Loan Interest Rate 

Home Loan Interest Rate 

Compare the lowest home loan interest rate starting from 7.50% p.a. and apply for the best home loan. Get the complete list of current housing loan rate of interest in India from all leading banks and financial institutions. 

Home Loan Interest Rate of all Banks 

Banks  Interest Rate  Processing Fees 

Kotak Mahindra Bank  7.00% p.a. to 7.60% p.a.  0.50% 

Citibank 6.75%  Rs. 10,000 

Union Bank of India  6.90% 

Bank of Baroda  6.90% to 8.25%  Defined by the Bank 

Central Bank of India  6.85%  Rs. 20,000 

Bank of India  6.90% 

State Bank of India  7.05% p.a. -10.85% p.a  0.35% onwards 

HDFC  7.55%*  0.50% onwards 

LIC Housing Finance  6.90%  Rs. 10,000 -Rs. 15,000 

Axis Bank  6.90%  Rs. 10,000 

Canara Bank  7.05% p.a. to 9.30% p.a.  0.50% of the loan amount  

Punjab and Sind Bank  6.85% 

IDFC First Bank  6.50%  Rs. 5,000 - Rs. 5,000 

Bank of Maharashtra  6.80%  Rs. 10,000 

Indian Overseas Bank  7.05%  0.50% (Max Rs. 20,000) 

Punjab National Bank  6.50%  0.35% (Max Rs. 15,000) 

United Bank of India  8.00%  0.59% (Rs. 1,180 - Rs. 11,800) 

UCO Bank  6.50%  0.15% (Rs. 1,500 - Rs. 15,000) 

DBS Bank  7.30%  0.25% (Rs. 10,000) 

IDBI Bank  6.75%  0.50% (Rs. 2,500 - Rs.5,000) 

HSBC Bank  6.45%  1% (Rs. 10,000) 

Karur Vysya Bank  7.20%  Rs. 5,000 

Jammu and Kashmir Bank  7.20%  Rs. 500 - Rs. 10,000 

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Vehicle Loan EMI Calculator

Nowadays, purchasing a dream car is almost within your reach irrespective of whether you are salaried or self-employed? You don’t need to be wealthy enough or have a fair amount of savings to buy your first car. 

With a simplified vehicle loan, you can buy a new car loan and drive your dream car sooner. 

  If you have stable income and good credit history, then you can get a pre-approved car loan, depending on your income and credit score, but subject to maximum loan tenure and the loan amount.  

Vehicle loan comes at an attractive rate of interest and a flexible repayment tenure of up to 7 years. Also, gives a higher loan-to-value ratio up to 100% 

The vehicle loan is offered even to proprietorship firms, partnership firms, companies, trusts and societies. In order to make the loan repayment comfortable, you are offered an EMI (Equated Monthly Installment) facility. Therefore, before you apply for a vehicle loan, as a wise loan planning exercise, make it clear to assess how much would be the EMI on your vehicle loan.  

  With Financeseva’s tailor-made Vehicle Loan EMI Calculator offers you the provision to identify the exact principal amount, with the interest rate and equated monthly instalments payable over a specific tenure before you intend to apply for your Car Loan. 

  Regardless of whether you are a salaried applicant or self-employed applicant, you have the advantage of purchasing a vehicle through our custom-fit vehicle loans.     With the Car EMI Calculator, you only need to input the necessary information whether you intend to buy a new car or a pre-owned car, the sanction loan amount required, tenure of the loan, interest rate and select calculate. The Auto Loan EMI Calculator offers you a detailed view of your yearly principal and interest repayment amounts.

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Project Loan Interest Rate 

Project Loan Interest Rate 

Project Loan Interest Rates offered by Banks/NBFCs start at 5.50% p.a. for the loan amount up to 85% of project cost that can be repaid with maximum repayment tenure of up to 5 years.  

Project Loan Some banks do not ask for collateral/security from the borrower to be submitted. 

Banks  Interest Rate  Processing Fee 

Bank of Baroda  7.50% Onwards p.a  Up to 1% on loan amount 

Bank of India  8.00% Onwards p.a  Up to 1% on loan amount 

Bank of Maharashtra  8.00% Onwards p.a  Up to 1% on loan amount 

Canara Bank  8.75% Onwards p.a  Up to 1% on loan amount 

Central Bank of India  7.50% Onwards p.a  Up to 1% on loan amount 

Indian Bank  7.50% Onwards p.a Up to 1% on loan amount 

Indian Overseas Bank  7.50% Onwards p.a Up to 1% on loan amount 

Karnataka Bank  9.00% Onwards p.a Up to 1% on loan amount 

Punjab & Sind Bank  9.00% Onwards p.a Up to 1% on loan amount 

Punjab & National Bank  8.00% Onwards p.a  Up to 1% on loan amount 

Small Industries Development Bank of India (SIDBI) 5.50% Onwards p.a 

Up to 1% on loan amount 

South Indian Bank  9.00% Onwards p.a  Up to 1% on loan amount 

State Bank of India  7.50% Onwards p.a  Up to 1% on loan amount 

UCO Bank  10.00% Onwards p.a  Up to 1% on loan amount 

Union Bank of India  9.00% Onwards p.a  Up to 1% on loan amount 

United Bank of India  9.00% Onwards p.a Up to 1% on loan amount