NEWS & ADVICE : CAR LOANS
Special product by J&K Bank to uplift small biz
By Vaibhav Aggarwal
Sep 20, 2010
Print    Email    RSS   

Jammu and Kahsmir Bank has come up with a special product to cater to the development of small businesses. Small businesses have been severely hit by the three months of civil unrest.

The scheme called J&K Bank's Saral Finance Scheme was launched by chairman of the apex management committee of the bank, Sudhanshu Pandey.

A spokesperson of the bank said that the scheme is designed so as to provide simple and hassle free loan facilities to small businessmen, traders and vendors in the state.

He said that small businesses have an important role to play in the development of people all over as they aid to high employment generation, effective utilization of the available resources and low capital requirement.

"Once given an opportunity, not only did micro-finance clients expand business and increase their income, the high repayment rates demonstrate that given a chance, the poor are capable of transforming their lives," he said.

As per the scheme, Rs 2 lakh maximum would be provided to the borrower, with a repayment period of 5 years, the spokesperson said.

The interest rate on these loans will be as low as 11.25%.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs #4
A chronicle of excesses by loan recovery...
Your dream car - with good Car Loans from...
J&K Bank raises PLR
Carnival of Indian Personal Finance Blogs #3


Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive