Companies
- 1. Under this scheme, the financial assistance is provided for companies-Listed/Unlisted against the security of Commercial property – Office premises - already owned/to be purchased with the help of the loan
- 2. The loan amount may be utilized for repayment of existing loans (including takeover)/ Purchase of fixed assets etc.
- 3. Loan is provided for the properties which is completed in all respects.
- 4. Maximum Term offered :- 10 Yrs.
Loan against Securities
Loans against Fixed Deposit of Nationalized Banks, Life Insurance Policies having surrender value and Post office instruments like National Savings Certificates, Kisan Vikas Patra.
Loan Value : Loan up to 95% of face value of liquid security or surrender value in case of Life Insurance Policies.
Loan Amount : Minimum Loan Rs.50,000/-
Loan Term : Maximum Term up to 20 Years
This loan can be clubbed along with Home Loans
Loans to Professional :Purpose
Purchase / Extension / Modification /Renovation of Commercial Premises for carrying on own professional practice & purchase of equipments.
Eligibility : Resident Indian professionals, Loans can also be sanctioned to company or partnership firm of such professional
Loan Term : 10 Years
Repayment Mode : Equated Monthly Instalments (EMI)
Security : Equitable/ Registered Mortgage of the Premise for which the Loan is raised.
Demand Promissory Note.
Personal Guarantee of Directors / Partners, as Applicable
Personal Guarantee of Directors / Partners, as Applicable.
In case of Companies, Registration of Charges in R.O.C.
Addl. Security : Hypothecation of Equipment, if financed
For more details please contact us
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