Individuals / traders/ small businessmen with a proven track record and having active and satisfactory dealings with the bank in the past for at least one year.
Purpose of the Loan:
The loan may be granted for meeting business requirements or any other genuine financial requirements of the applicant.
Permissible amount of the Loan:
1.The facility will be granted as a loan.
2.The maximum amount of loan will be Rs.20.00 Lakhs or 40% of the realisable value of the immovable property whichever is less
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Processing Fees at 1% of the loan amount to be charged. And no other hidden charges as charged by other banks.
Unencumbered immovable property owned by the applicant
The applicant should process a clear title over the.immovable property offered as security