Loan / Cash Credit Against Property

Loan / Cash Credit Against Property


  Eligibility Self-employed, Professional Business Enterprise, Salaried
Purpose of the Loan a)Business expansion / professional needs / marketing

b)Improvement/extension of existing property

c)Repayment of high interest bearing existing loans from other banks/FIs

d)Purchase of new shop / office / go down for business expansion

e)Working capital needs

Type Of Loan Term Loan / Cash credit
Loan Amount 70% of  Valuation of Property
Rate of Interest Term Loan / CC :-

Up to 5,00,000 09.00%
5,00,001 to 49,99,999 08.75%
50,00,000 to 74,99,999 08.50%
75,00,000 to 99,99,999 08.25%
1,00,00,000 and above 08.00%
Margin 30% of valuation property / sale deed
Security Mortgage of Immovable property
Repayment of loan For Term loan – Tenure: 7 to 15 Years by EMI

For Cash Credit – 3 Years

Title Clearance
and valuation
To be borne by the customer
Share linking 2.5 % of the loan amount (secured Loan) Unsecured Loan 5%
Guarantee Two/Three guarantor possessing property and also Income tax-payer