Finance to Builders / Developers


Purpose i. Project finance to Builders / Developers for construction of Residential / Commercial building.
ii. Finance for infusing funds in the project by Promoters.
Eligibility Individuals, Sole Proprietary Concern, Partnership Firms, Limited Companies.
Maximum Loan Amount Maximum- ₹ 800.00 lakhs [₹ Eight Crores only] per Party subject to RBI Credit Policy & Bank’s exposure Norms.
Margin Minimum 50%
Repayment Period As per duration of the Project subject to maximum of 5 years [60 Months]
Rate of Interest 10.70% onwards
Security Mortgage of Immovable Property, other than Project Land, having market value of minimum 200% of the Credit limit.
Guarantators Two Guarantors acceptable to Bank having Means & income.
Collaterals For Finance to Builders & Developers:
Credit facility should not be utilized for acquisition of land even as a part of Housing project.
Processing Charge 0.20% to 0.50 %
Subscription of Bank's Share 2.5% Max Rs.5.00 lacs
Pre-payment Charges

Terms & Conditions Apply.
Visit nearest branch for more details.


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