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The GP Parsik Bank Micro, Small & Medium Enterprises loans are short term business loans that are specially designed to help businesses in expansion, purchasing machinery and raw material, establishing new business projects, etc. It is a type of personal finance scheme that helps businesses to further their growth agenda.

Eligibility criteria for GP Parsik Bank Micro, Small & Medium Enterprises Loans

The applicants mentioned below can apply for a personal loan under the GP Parsik Bank Micro, Small & Medium Enterprises Loan scheme:

  • Individuals
  • Firms
  • Partnership Firms
  • Company

Features and benefits of GP Parsik Bank Micro, Small & Medium Enterprises Loans

The GP Parsik Bank Micro, Small & Medium Enterprises Loans offer a range of attractive features and benefits including:

  • Loan amount: The loan amount can be customized as per individual requirements. The bank does not have minimum and maximum limits under this scheme.
  • Margin: GP Parsik Bank provides 30% as loan amount under the GP Parsik Bank Micro, Small & Medium Enterprises Loans.
  • Security: The loan can be taken against both movable and immovable property as security.
  • Interest rate: GP Parsik Bank provides both fixed and floating rate loans under GP Parsik Bank Micro, Small & Medium Enterprises Loans.

GP Parsik Bank Micro, Small & Medium Enterprises Loans Interest Rates:

Loan Amount

Floating Rate of Interest

Fixed-Rate of Interest

Up to Rs. 25 lakhs

13.50%

15.00%

Above Rs. 25 lakhs and less than Rs. 2 Crores

Based on gradation

NA

For any amount

Risk-based pricing

NA

The loan can immensely benefit those who are looking to borrow a secured loan for the growth of the business or private establishment.

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