Vengara Service Co-operative Bank

Business Loan

Title	Norms
Purpose	New business or Renovating existing business.
Eligibility	A/D Class Membership
Limit of Loan	Rs.25,00,000/-
Security	Personal Surety : Maximum Rs. 50,000 Employee Surety : Maximum Rs. 1,00,000 Property : Maximum Rs.25,00,000
Repayment Period	Maximum -120 months
Repayment Mode	Monthly
Rate of Interest	12 % - 13 % Penal Interest: 2% extra for default amount
Documents Required	Licences from authorities,Project report and Security Documents