|Purpose||(i) Finance for purchase / acquiring Commercial Property.
(ii) Finance for any other legitimate purpose acceptable to the Bank
(iii) Working Capital required for completion of Project.
|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.|
|Repayment Period||(i) & (ii) Maximum period of 5 years
(iii) For Overdraft facility: One year subject to Renewal
|Rate of Interest||10.70% onwards|
|Security||Market / realizable value equivalent to 100% of credit facilities in the form of Properties / Paper Securities.|
|Guarantators||Two Guarantors acceptable to Bank having Means & income.|
|Collaterals||Cost of Land may be included as a Project Cost.|
|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.
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