Finance Against Immovable Property Scheme

Purpose

For any purpose except for financial speculation of any nature.

Eligibility:

All Individuals (Existing Staff members of our Bank are not eligible)

Proprietorship Firm, Partnership Firm, Private Ltd. Company & LLP.

Age :

Minimum Age: 21Years

Maximum Age:70Years.

Maximum Amount of Finance :

Rs.500.00Lakh

Margin :

40% on Realizable Value of immovable properties (As per bank's empanled valuer's valuation report).

Features :

Credit facility in form of term loan/demand loan & Overdraft.

Personal guarantee of person(s) having worth at-least equivalent of the credit facility.

Repayment period of 07Years.

For Individuals no prepayment charges.