Eligibilty

• Salaried individuals, Businessmen, Self-employed professionals like Doctors, Engineers, Lawyers, Chartered Accountants, etc., Entrepreneurs.

Guarantee Requirement

• Two guarantors with regular income & good net worth.

Margin

• 20% of cost of work as specified in quotation

Max loan Permissible

• Rs.5,00,000/- (Rupees Ten Lakhs Only)

Rate of Interest

• 12.50% (For Existing customer?)
• 13.00% p.a.(For New Borrowers)

Period

• Maximum 10 years or unexpired period of housing loan whichever is lower.

• Hypothecation of stock and Book Debts?Collateral min. 40% of Loan Amount -for new customer?Collateral min. 35% of Loan Amount -for existing customer