Are you an aspiring entrepreneur with a groundbreaking business idea? Uttar Bihar Gramin Bank is here to turn your dreams into reality with our Pahal Loan, designed exclusively for new (greenfield) businesses. Let’s explore how we can help you kickstart your entrepreneurial journey:
Loan Purpose
Our Pahal Loan is specially crafted to provide financing for new businesses. Whether you’re planning to become a trader, manufacturer (including agriculture), or processor (including food/fruit processing), we’re here to support you. This loan is open to individuals, proprietorship firms, LLPs, and partnership firms (excluding those where HUF is a partner). To qualify, your unit should be registered under the MSMED Act, and GST registration is mandatory if not exempted.
Loan Amount
With Uttar Bihar Gramin Bank, you can secure funding ranging from Rs. 10.00 Lakhs to an impressive Rs. 5 Crores. Whether you need a Cash Credit, Term Loan, or a combination of both, we’ve got the flexibility to cater to your unique financial needs.
Margin Requirement
For Term Loans, we require a margin of 25%. This ensures that you have some stake in your business, promoting responsible borrowing and long-term success.
Repayment Terms
We understand that managing your repayments is crucial, especially when starting a new venture. That’s why we offer a generous repayment period of 120 months for Term Loans. This extended term gives you breathing room to focus on growing your business without undue financial pressure.
Prepayment
Should your business take off faster than anticipated or you come into some extra capital, you can rest easy knowing that Uttar Bihar Gramin Bank charges no prepayment penalties. Pay off your loan ahead of schedule and watch your business soar.
Competitive Interest Rate
At Uttar Bihar Gramin Bank, we offer a competitive interest rate of 10.00%. This rate is designed to support your new business while helping you realize your entrepreneurial dreams without breaking the bank.
With Uttar Bihar Gramin Bank’s Pahal Loan, you’ll not only gain access to essential financial support but also a partner dedicated to your business’s success. Our casual and customer-friendly approach ensures that you can discuss your unique requirements with us, and we’ll tailor a solution that best fits your needs.
Don’t let financial constraints hold back your entrepreneurial spirit. Reach out to Uttar Bihar Gramin Bank today and take the first step towards building a successful new business. Let’s create a brighter future together.