Loans for Tax Return Preparer (TRP) from Canara Bank
Loan scheme to finance individuals possessing a valid certificate to practice as a Tax Return Preparer (TRP) as per the scheme formulated by the Ministry of Finance, Government of India for preparation of income tax returns.
PURPOSE
* Purchase of computer, Printer and other peripherals/accessories i.e., necessary software, furniture, mobile telephone, tax books, technical literature etc.
ELIGIBILITY
* Individual customers of the bank with satisfactory dealings possessing a valid TRP Certificate. For new customers, the account should be properly introduced to the Bank and should satisfy other eligibility norms.
LOAN QUANTUM
* Need based finance with a maximum of Rs.60000/-. (Rupees Sixty thousand only).
MARGIN
* A minimum margin of 15% on project cost
RATE OF INTEREST
* PLEASE VISIT OUR PAGE ON RATE OF INTEREST ON PERSONAL LOANS
REPAYMENT
* Entire loan together with interest shall be repaid within 60 months in step up EMIs, with 3 months repayment holiday.
SECURITY
* Hypothecation of the assets created out of the loan & Suitable Co-obligation.
XIII. PROCESSING CHARGES
* A lumpsum amount of Rs.500/- (Rupees Five hundred only)
XIV. INSURANCE:
* The assets created to be insured.
Sources : http://www.canarabank.com