Scheme for finance Against mortgage of Immovable Property
Purpose For Business & Personal needs.
1. Personal Needs : Employees of Central/State Govt./Schools/Colleges/Public Sector Undertakings (PSUs)/ Reputed Corporates (i.e. and Other Icome Tax Assesses, who are below the age of 70 years.)
2. Business Enterprise: Existing customers with a satisfactory track record of three years (cash profits during last three years and net profit in the immediately preceding year.) belonging to Retail Traders/Whole-sale Traders, Professionals & Self-employed, Enterprises in Service sector and Manufacturing conerns.
Quantum of Finance
1. For Personal Needs: Min. Rs. 1 lac and Max. 25 lac
2. For Business Needs: Min. Rs. 5 lac and Rs. 500 lac
Security Loan/advances shall be sanctioned against the Equitable/Registered Mortgage of the non-encumbered residential House/Flat or commercial or industrial property (in the shape of building/ Industrial Shed) self-occupied or vacant.
For Personal Needs: In max. 120 EMI or up to the age of 70, whichever is earlier.
For Business Needs: a) For Traders (Retail & Wholesale) - Max. 144 EMI
b) Enterprises in Service Sector, Professional & Self Employed, Manufacturing concerns, Educational Institutions- Max. 180 EMIs.
Rate of Interest Click Here
Processing Charges/ Upfront fee Click Here
Documentation Charges Click Here