|
Particulars |
| Eligibility |
Self-employed, Professional Business Enterprise, Salaried |
| Purpose of the Loan |
a) Business expansion / professional needs / marketing
b) Improvement/extension of existing property
c) Repayment of high interest bearing existing loans from other banks/FIs
d) Purchase of new shop / office / go down for business expansion
e) Working capital needs
|
| Type Of Loan |
Term Loan / Cash credit |
| Loan Amount |
70% of Valuation of Property |
| Rate of Interest |
10.50 %
|
| Margin |
30% of valuation property / sale deed |
| Security |
Mortgage of Immovable property |
| Repayment of loan |
For Term loan – Tenure: 7 to 15 Years by EMI
For Cash Credit – 3 Years
|
| Title Clearance and valuation charges. |
To be borne by the customer |
| Share linking |
2.5 % of the the loan amount |
| Guarantee |
Two/Three guarantor possessing property and also Income tax-payer |
