Business Credit Card Scheme

 

Eligibility:

  • Branch area urban / rural non-defaulting persons who are willing to start private business, new business situation required substantial experience.

 

Loan Limit:

  • Maximum Rs 25000.00 (as the term or cash credits).
  • Based on the Business benefits and the borrower's repayment capacity.

 

Validity:

  • Loans will be approved for a maximum of 5 years. To be renewed annually and the review of the renewed account is required.

 

Margin:

  • 15% margin, and the loaning amount will be 85%.

 

Interest Rate:

  • Interest rate will be 10.50% annually and will be charged on a monthly basis.

 

** For more information please visit your nearest branch of District Co-Operative Bank Ltd.