|Purpose||Working Capital / Business needs / any other legitimate purpose acceptable to Bank.|
|Eligibility||Property / premises owners like Individual/s, Businessmen, Firms, Limited Companies.|
|Maximum Loan Amount||Minimum ₹ 25,00,000/-
Maximum: ₹ 500.00 Lakhs. , Subject to: - Rent amount receivable (Net of Tax Liability) considering Lease Rental, its residual tenure, lock in period & margin requirement.
|Margin||@5 to 20% on Rent Receivable [Excluding Govt. Taxes & TDS]|
|Repayment Period||Maximum lock-in period in Lease Agreement / Under CRE Max.5 Yrs.|
|Rate of Interest||10.30% onwards|
|Security||Mortgage of Immovable Property with Market value equivalent or more than the limit.|
|Guarantators||Minimum One Guarantor acceptable to Bank. Family Member may be accepted as a Guarantor.|
|Collaterals||Additional Documents to be furnished viz. (i) Undertaking (ii) POA for collection of Rent,
(iii) Authority letter to collect Rent Receivable.
|Processing Charge||0.20% to 0.50 %|
|Subscription of Bank's Share||2.5% Max Rs.5.00 lacs|
Terms & Conditions Apply.
Visit nearest branch for more details.
Contact Us : Head Office 0251-2316641, 0251-2315995 0251-2221300 | ATM Helpdesk 0251-2219008 | Toll free 18002331919 (9am to 6pm on weekdays) | firstname.lastname@example.org