Eligibility Criteria : 
  • For the purpose of Business.
  • Loan maximum upto 50 % Valuation of the property by the Bank’s approved valuer .
  • Property offered for mortgage requires Titles Clearance certificate from Bank’s approved advocate ( This requires before disbursement of loan ).
  • Loan amount will depend upon the repaying capacity and nature of business of the applicant and the  worth of the personal guarantees offered.
  • Personal Guarantee of at least two persons having income / asset expectable to the Bank.
Primary Security : Mortgage of the Property offered.
Rate of Interest : 14  % *.
Processing Charges : At the prevailing rates of the Bank from time to time.
Pre-payment Charges : Nil.
Share Money Contribution : 2.5 % of the Loan Sanctioned. 
Tenure For Repayment : Maximum 60 Months. 
How to apply : 
An application in Bank’s Prescribed Form duly filled up having been affixed with the Photographs of  the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under.
For the Applicant/s.
  • Income Proof.
  • Proof  regarding Registrations of the business.
  • Proof regarding place of business.
  • Copy of I.T. Pan card of the applicant/s.
  • Residential Address Proof of the applicant/s.
  • Original Title deeds of the Property to be mortgaged at the time of mortgage.
  • Bank A/c Statement for the last six months.
  • Statement of A/c for Loan / Advance facility availed from other Bank / F.I.
For the Guarantor/s.
  • Photo I.D.
  • Income Proof.
  • Residential Address Proof.
  • Proof  of Residential  Property owned in their name.
Note : 
  • Title Search Report and Valuation Report from the Advocate and Valuer empaneled by the Bank is required to be produced on or before disbursement of the loan and fees for the same to be paid by the borrower.
  • Stamp duty attracted for the mortgage deed and other Loan Agreements to be paid by the borrower at the prevailing rates.
  • Other supportive papers/documents/proofs to be produced, if further needed and asked by the Bank’s Advocate / Valuer / Bank.
* Conditions applied.