Loans
 
  Objective

  • Financing for Personal needs other than speculation purpose
 
  Eligibility Criteria

  • Individuals/Companies/Associations/ Firms, who own building/ Commercial complex etc in Capital City, District Head Quarters,
  • Towns and leased to MNC/ Banks/ reputed public sector/reputed private sector and such lessee has made substantial investments
  • in the premises towards infrastructure facilities such as air-conditioning, interior decorations, electrical installations etc.
 
 Purpose

Investment in business, extension of properties, meeting other personal needs like marriage, education of children, and purchase of properties etc. and the utilization should be for a genuine purpose
 Amount:

The maximum amount of the loan should not exceed 75% of the rent expected during the unexpired lease period of tenancy
 Margin

25% of the rent expected during the unexpired period less expenses and rental advances
 Security :

• Future rent receivable
• Equitable/registered mortgage of the properties of which rent is charged to the loan
 Repayment :

Maximum 120 EMIs
 Rate of Interest :

  • BPLR (Present BPLR 14.25%)
 Remarks :

  • A registered lease agreement of the premise/building is prerequisite for the scheme

  NOTE : For Form goto Forms Downlod dection .For further details, contact the nearest Branch