Home / Business Term Loan
Eligibility of borrower
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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