Scheme of Term Loan Assistance To Qualified Professionals


To provide financial assistance to finance acquisition of premises, machinery and furniture & fixtures required for setting up new or acquiring additional fixed assets for professional practice / consultancy venture.


1. Professionals such as Registered Medical Practitioners and Doctors in Homeopathy, Ayurvedic, Veterinary, Dentists including Physiotherapist, Pharmacist, IT professionals, Chartered Accountants, Company Secretaries, Advocates, Consulting engineers, Chartered Engineers / Registered Valuers, Architects, Cost Accountants etc. in the individual/joint capacity or as a partnership concern/LLP/Company.

2. The promoter should have a minimum of two years experience in the line and the age limit shall be upto 55 years.

3. The loan amount shall be utilized for creation of fixed assets, take-over/repayment of outstanding loans (only standard assets) of applicants from other banks/institutions against fixed assets acquired, during the past 18 months.

4. The proposed property to be mortgaged, should not be presently leased out/rented out and should not be leased out/rented out in future without the permission of the Corporation.

5. The repayment history & past dealings of the promoters/unit /sister concerns/group concerns with the Corporation/Banks/FIs should have been satisfactory and the loan account classified as standard for past two consecutive years with bank/financial institution in case of takeover of loans.

6. The applicant should be agreeable to mortgage its immovable property as prime security and hypothecate its moveable assets with first charge to the Corporation.


Only in the State of Goa.


Up to Rs.75.00 lakh. The actual amount of loan sanctioned shall be decided by the Corporation based on its norms.


For loans up to Rs.10.00 lakh 3:1

For loans above Rs.10.00 lakh 2:1


The minimum margin on the security shall be 25%.


The loan shall be secured as per the norms of the Corporation by first charge of the Corporation on the following security with clear marketable title:

Primary: The assets financed i.e. land, building & machinery, etc.

Additional/Collateral: Commercial or residential non-agricultural immoveable properties or any other security acceptable to the Corporation on case-to-case basis, if required.

Personal Guarantee of the promoters/directors/a suitable person of sound financial means, etc. could be insisted in addition to the above wherever felt necessary by the Corporation.


1% of the loan amount subject to maximum of Rs.2.00 lakh (plus GST as applicable).

The processing fees to be paid shall be as follows:

Preliminary application: Rs.10,000.00 (plus GST as applicable) (For loans between Rs.5.00 – Rs.10.00 lakh, the fees payable shall be Rs.5000.00 plus GST as applicable)

Final application: Total processing fees payable less fees paid earlier.

All the processing fees are non-refundable.


The present rate structure is as under:

Term Loan up to Rs.75.00 lakh - 10.5%


The loan is repayable within 8 years including a moratorium period upto 2 years, depending on repayment capacity of the project. The repayment will be in monthly/quarterly installments.


1. The minimum promoter’s contribution shall be 25% of the project cost.

2. The loan shall be disbursed after execution of legal documents and compliance of terms of sanction/ disbursement formalities. The loan disbursement shall be in proportion to the investment made on land, building, machinery etc and as per other terms and conditions governing the sanction.

3. The loan proposal shall be considered on its own merit and mere compliance of the eligibility and other criteria may not entitle the applicant for sanction of loan.

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