| Interest Rate |
13% |
| Eligibility of borrower |
- Borrower must be a member of the bank.
- Borrower must have good reputation and credit worthiness.
- Have sufficient score in CIC Reports
- Must comply with the KYC norms and having savings account holder of the bank
|
| Purpose of loan |
Mortgage of residential building for the business purpose |
| Quantum of finance |
Up to 80% of panel values valuation report or deed agreement whichever is higher |
| Share linkage |
10 Shares |
| Repayment period |
Maximum 240 months |
| Security |
- Registered mortgage property purchased / constructed out of the bank finance
- Third party guarantee of two personal guarantors having good credit worthiness and financially sound persons.
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