Demand Loan

This loan is suited for meeting short term and seasonal business needs


  • Short term business needs
  • Seasonal Needs for a short time

Who Can Borrow

  • Commercial Establishments i.e. partnership firms/ pvt. Limited Co./limited cos./any other commercial organization/ registered societies

Loan Amount

  • Minimum 1 lac
  • Maximum 600 lac


  • Minimum 25%


  • Maximum 12 months

Rate Of Interest

  • The rate of interest as decided by the bank from time to time


  • Hypothecation of stock, book debts
  • Mortgage of property and other securities the bank may consider appropriate


  • Two Guarantors whose net worth is acceptable to the bank

Processing Charges

  • 0.5% of loan amount + GST

Share Holding

  • 1.5% of the loan amount.

Documents Required

  • Photograph , PAN and KYC documents of borrower and guarantor
  • Financial statements as per requirement from case to case
  • Cash flow Chart for repayment of loan
  • Partnership deed and registration certificate in case of partnership firms, Certificate of incorporation, date of commencement of business and memorandum and article of association in case of companies where applicable
  • Relevant documents related to the property being mortgaged like Title Deed, mutation copy, sanctioned map etc as applicable)

To apply for Demand Loan, please download the below listed form and submit it to your nearest branch