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What is the procedure for getting a loan?

April 26, 2017loan procedure

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What is the procedure for getting a loan?

2 Answers

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An entrepreneur should approach the concerned finanical institution viz. State Financial Corporation, NSIC, Bank branches etc. Application in prescribed proformae has to be submitted along with project report including proof of ownership/availability of land/building, proof of residence, collateral securities (wherever applicable) etc. The loan is given by the institution if the application meets the norms.

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An entrepreneur should approach the concerned finanical institution Application in prescribed proformae has to be submitted along with project report.