• NRI
  • Corporate Banking
  • MSME
  • Institution
  • Agriculture
  • Careers
  • About Us
  • Investor's Relations
  • Contact Us
  • Banner

    TMB- Loan against Properties

    To provide hassle-free finance to traders, professionals, service enterprises, individuals/ HUF etc for productive activities. Loans may also be sanctioned for purposes of children marriage, medical treatment, foreign travels and family settlements, etc. Lending against speculative / prohibited purposes or for investment in properties/ shares is not allowed under the scheme.

    Term Loan / OD (Reducing balance) / OD (Running account)

    • Business Purpose – Rs.1000 lakh (maximum)
    • Personal Purpose – Rs. 50 lakh (maximum)
    • Non IT Assessee – Rs.10 lakh (maximum)

    Individuals, Proprietor/ Partnership, Limited Liability Partnerships, Registered Corporates, Public/Private Limited Companies, Societies/ Trusts etc.

    Margin :- 50% of the property value assessed

    Repayment :

    • OD (Running) – One year (renewable on every year)
    • OD (Reducing balance) / TL – 84 months

    Security :

    • Non-Agriculture property of 200% of the loan amount if the property.

    Interest :

    Fees & Charges

    • WC: 0.50% of the Limit Sanctioned + Taxes as applicable
    • Term Loan: 1% of the Loan + Taxes as applicable.