OBJECTIVE
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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.
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Purchase of computer, Printer and other peripherals/accessories i.e., necessary software, furniture, mobile telephone, tax books, technical literature etc.
- 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
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Need based finance with a maximum of Rs.60000/-. (Rupees Sixty thousand only).
MARGIN
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A minimum margin of 15% on project cost
RATE OF INTEREST
REPAYMENT
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Entire loan together with interest shall be repaid within 60 months in step up EMIs, with 3 months repayment holiday.
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Hypothecation of the assets created out of the loan & Suitable Co-obligation.
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A lumpsum amount of Rs.500/- (Rupees Five hundred only)
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The assets created to be insured.
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