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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