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.