| Who Can Borrow | People engaged in trade, commerce & business professionals, proprietary firms, partnership firms, companies & individuals with high net worth |
|---|---|
| Purpose | Marriage Hand Loan Clearance Medical Expenses Clear debts Purchase of consumer products etc, |
| Limit | Depends upon the purpose. Max. Limit Rs.75.00 Lakh |
| Security | Mortgage of Property |
| Margin | For A Khata Property 90% on S.R Value (property valuation) For B Khata Property 75% on S.R Value (property valuation) (Only GBA(BBMP) Limits Maximum Rs.40.00 Lakhs |
| Repayment Period | Up to Rs.25.00 Lakh 180 months Above Rs.25.00 Lakh 240 Months |
| Processing Fees | Minimum Rs.2,500/- + GST (up to Loan Rs. 5 Lakh) or 0.50 % + GST as applicable from time to time Whichever is High |
| Legal & Documentation Charges | Inclusive in processing fees. |
| Share Linking | 2.5% On Loan Amount + Share Fees Rs.10/- per Share |
| Prerequisites | 1. Income Tax Returns/any Income proof for the last three years along with computation of income of Individuals/Partners/Directors. 2. Audited Financial Statements for the last three years of the firm/companies. 3. Copies of the relevant documents of the property to be mortgaged. 4. Add income from family member. |
| Required Document | Property based security |
| Required Document for B KHATA PROPERTY LOANS | 1) Ownership & Khata Should be in the name of Applicant 2) 30+ years Track Records 3) Minimum 300 Square Feet Sital Area 4) 3 years Income Tax Returns Compulsory 5) If Applicant is Govt Employee Pay Slip and 6 Months Bank Statements 6) If Property is Revenue Documents RTC, Mutation, Akarband Required 7) If it is DC Converted Land Layout Plan is Required 8) Maximum Loan Limit Rs.40.00 Lakh or 75% of Property value WEL 9) Loan not issued for Vacant Site 10) Other Documents if any. |
| * Terms and Conditions are applicable. |