OBJECTIVE

• Loan scheme to finance individuals possessing a valid certificate to practice as a Tax Return Preparer (TRP) as per the scheme formulated by the Ministry of Finance, Government of India for preparation of income tax returns.

PURPOSE

• Purchase of computer, Printer and other peripherals/accessories i.e., necessary software, furniture, mobile telephone, tax books, technical literature etc.

ELIGIBILITY

• Individual customers of the bank with satisfactory dealings possessing a valid TRP Certificate. For new customers, the account should be properly introduced to the Bank and should satisfy other eligibility norms.

LOAN QUANTUM

• Need based finance with a maximum of Rs.60000/-. (Rupees Sixty thousand only).

MARGIN

• A minimum margin of 15% on project cost

REPAYMENT

• Entire loan together with interest shall be repaid within 60 months in step up EMIs, with 3 months repayment holiday.

SECURITY

• Hypothecation of the assets created out of the loan & Suitable Co-obligation.

XIII. PROCESSING CHARGES

• A lumpsum amount of Rs.500/- (Rupees Five hundred only)

XIV. INSURANCE:

• The assets created to be insured.

For more details, please visit our nearest branch or call to toll free no. 1800 425 0018.