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Applicant |
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Any individual ( Single / Joint ), Firm, Any Legal entity.
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Purpose |
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For expansion / development of existing business. Cash Credit, Over Draft or Term Loan format is available.
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Loan Amount |
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As per requirement ( up to Rs. 10 Cr.), Margin Minimum 25%
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Rate of Interest |
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Click Here for Rate of Interest
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Repayment |
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Cash Credit -12 + 2 Months ( review and renewal after 12 months, ) Over Draft & Term Loan - up to 120 months.
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Security |
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Registered Mortgage of NA Constructed immovable property,
2 Guarantors.
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Processing Fees |
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0.50% of the loan amount ( Up to Rs 1.00 Cr. - Minimum Rs. 500 - Maximum - no limit)
0.40% of the loan amount ( Above Rs 1.00 Cr. - Minimum Rs. 40,000 - Maximum - no limit)
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Shareholding |
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2.50% of the loan amount.
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Documents |
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For documents, please contact your nearest branch. (Property valuation by Bank Panel Valuer is compulsory & property should not be more than 30 years old.)
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Insurance |
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Insurance of property charged to the Bank.
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Other |
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Other Terms and conditions are also applicable.
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