Sanmitra Sahakari Bank Ltd. offers a "Loans to Small Scale Industries (Term Loan)" as one of its loan schemes. This is a specific product designed to provide financial assistance to small-scale industries.
While detailed information like eligibility, specific interest rates, and loan amounts for this particular scheme are not publicly available on the bank's main website, here is a general overview based on available information about the bank's business loan products:
Loan for Small Scale Industries: The bank has specific loan products for Small Scale Industries (SSI) and Micro, Small, and Medium Enterprises (MSME).
Purpose: The term loan is typically used for fixed asset acquisition, such as purchasing machinery, equipment, or for other long-term investment needs.
Interest Rates:
Repayment Tenure:
Application and Processing:
Documents & Eligibility: To apply for a business loan, you generally need to provide business-related and personal documents. The bank would evaluate your business's financial history and stability.
