Avail SEP Loans with Apex Bank and bring your dreams into reality.
| Criteria | Policy |
|---|---|
| Purpose | Loans on financial assistance to individuals/groups of urban poor for setting up gainful self-employment ventures/ micro-enterprises, suited to their skills, training, aptitude and local conditions under Self Employment Programme (SEP) under Urban Self-Help Groups Financing (NULM) |
| Loan Limit | Upto Rs. 1.00 lakh |
| Repayment period | 24 months for loan amount up to Rs.50,000/-
36 months for loan amount above Rs.50,000/- to 1,00,000/- |
| Documents required | 1. Copy of Aadhar Cards & PAN Cards of the borrower & guarantors.
2. Residential Proof and Address proof of the borrower. 3. Letter from MEPMA Coordinator forwarding SEP loan application in the prescribed format (Annexure -3) 4. After sanction of loan, the applicant shall have to provide agreement, Demand Promissory note and Surety bond. |