Eligibility of borrower

• Having current / savings account holder of the Bank.

• Having good reputation and Credit worthiness.

• Borrower/ Partners/ Directors/ Guarantors must be a member of the Bank.

Purpose of Loan

• Business development.

Quantum of finance

• Up to 75% of value of mortgage property.

Share Linkage

• Borrower must have Bank share Linkage @ 2.50% of the sanctioned loan amount.

Repayment period

• Maximum 84 months.

Rate of Interest

• @ 9.25%

Security

Prime

• Registered mortgage of title cleared property to be purchase of the borrower himself / in the name of family member.

Collateral

• Third party guarantee of two personal guarantors having good Credit worthiness and financially sound and member of the bank.

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