Eligible category of borrowers
- Regular members of our bank only
Line of activity
- Persons engaged in business / professional services / Employees / others having good turnover / income.
Quantum of loan
- As mentioned in Interest chart
- Monthly Installments + Interest
Rate of Interest
- As mentioned in Interest chart (Subject to changes / revision from time to time)
- Business Expansion / Improvement
- Simple Mortgage of the Immovable property
- As applicable
- 2 sureties who are necessarily to be Regular members / Nominal members of the bank. Spouse should become one of the sureties.
- As applicable.
- Specified loan application.
- Guarantor’s declaration form.
- Address and income proof of both borrower & sureties.
- IT Assessment orders (3 years) / Audited Financial statements.
- All original property documents.
- Valid legal opinion / valuation report on the property along with Insurance
- Required margin as the case may be
- Any other letter/document related to the activity/purpose as the case may be.
- Other terms & conditions as applicable.
For more details / clarification please contact your nearest branch.
|Upto Rs. 25.00 Lakhs||12.50%||13.00%|
|>Rs 25.00 Lakhs to Rs 50.00 Lakhs||13.75%||14.00%|
|>Rs 50.00 Lakhs to Rs 70.00 Lakhs||14.50%||14.75%|
|>Rs 70.00 Lakhs to Rs 1.00 Crore||14.75%||15.00%|
|>Rs 1.00 Crore to Rs 4.50 Crore||15.00%||15.50%|