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FINANCING AGAINST IMMOVABLE PROPERTY
Eligibility :
  • Individuals : Salaried/Professional, Self Employed, Business persons, Agriculturists & Others, (whose income is considered for eligibility) should be employed /engaged in business/profession for a minimum period of -3- years.

  • Corporate Entities :

    • The Firm/ Company should have been established in the line of activity for a minimum period of 3 years.

    • The Firm/ Company must be profit making for the last three years.

Quantum of Finance :

Minimum : Rs.5.00 Lacs

Maximum : (For all category of borrowers) :

  • Metro branches: Rs.5.00 Crores

  • Urban branches: Rs.3.00 Crores

  • Semi Urban branches: Rs.2.00 Crores

  • Rural branches: Rs.25 Lacs
Margins :

40% on Value of immovable properties


Repayment Period :

Term Loan : up to -84- months.

Moratorium period : Maximum -3- months. Interest to be recovered separately as & when applied in the account during moratorium period.

Overdraft : -12- months subject to annual review


Rate Of Interest :

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