Purpose: Swarojgar Credit Card is a demand loan scheme offered by the Sharda Gramin Bank. This loan finances needs related to business needs of an individual or group of individuals.
Eligibility: Businessmen, individuals doing business, contractorships with not less than 3 years experience, are eligible for this loan. The applicant should be an income tax assessee for at least the last 3 years.
Quantum of Loan: The maximum amount that is granted as loan is Rs.25,000/-.
Margin: There is no margin for this loan scheme.
Repayment: The repayment has to be done within a maximum period of 5 years.
Security: Hypothecation of stock is taken as the primary security for this loan. No collateral security is required for this loan.
Other Features: There is no processing charge in case of this loan.