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TMB- Loan against Properties

To provide hassle-free finance for Productive activities and to meet personal commitments such as children marriage, medical treatment, foreign travels and family settlements, etc.

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

  • Business Purpose – Rs.500 lakh (maximum)
  • Personal Purpose – Rs. 50 lakh (maximum)
  • Non IT Assessee – Rs.10 lakh (maximum)

Traders, Professionals, Service Enterprises, Individuals / HUF etc.

Margin :- 50% to 66% 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 is self-occupied by the borrower.
  • Non-Agriculture property of 300% of the loan amount if the property is rented / leased by the property owner.

Interest :

Fees & Charges

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