NKGSB Co-operative Bank Limited – Swayamsiddha Loan for professional women

By | March 29, 2011

NKGSB was established by a great visionary Sheth Shantaram Mangesh Kulkarni on 26th September, 1917.The Bank is now a Multi-State Bank having its area of operation in the States of Maharashtra, Karnataka, Goa, Gujarat and Union territories of Daman, Diu, Dadra and Nagar Haveli. Over the years, the Bank has consistently shown healthy growth both quantitatively and qualitatively. The Bank has not only grown in size of deposits and advances, but has multiplied its net worth making the institution financially sound and fundamentally strong.

Swayamsiddha Loan is a special scheme for professional women in the country with attractive interest rates and simple documentation process. The special feature of the loanunlike other business or personal loan is the low processing fee and speedy loan approval.

Purpose                       –           Purchase Office premises, Furniture, Computer and Equipment etc

Eligibility                       –           Self – Employed or Professional or Businesswomen

Quantum of loan          –           Maximum 90 % of capital asset

Security                       –           Hypothecation / Mortgage of asset to be financed

Surety                          –           2 Guarantor’s

Repayment                  –           Up to 7 years

Repayment option       –           Easy repayment options (ECS) or Post dated cheque

Prepayment Charges   –           No pre – payment charges for repayment through own source

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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