Business Expansion, Business Development, Purchase of Commercial Property, Repayment of Old Debts.
| Type | Rate of Interest | Tenure |
| Loan Against Property/Purchase of Commercial Premises | 10.50% p.a. | 10 Years |
| For End Use of Real Estate Purpose | 13.00% to 14.50% p.a. | 10 Years |
Features & Benefits
- Financial Assistance on basis of salary, Business or Professional income.
- No Prepayment charges.
- Repayment through Cheque/ECS.
- Repayment period Upto 120 Months depending upon age of applicant.
Eligibility
- Loan Limit 70% of Market value of property to be mortgaged, 75% of the agreement value including stamp duty and registration charges for purchase of commercial premises. Maximum Loan Limit of Rs.300.00 Lakhs for individuals & Rs.500.00 Lakhs for Group.