CRE Proposals: Finance for purchase of Commercial Property


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.
Margin Minimum 50%
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
Pre-payment Charges

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


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