|Eligibility of borrower||* Having current / savings account holder of the Bank.
* Having good reputation and Credit worthiness.
|Purpose of Loan||* Business development.
* Acquiring of factory building, office premises etc…
|Quantum of finance||Up to 80% of value of mortgage property.|
|Share Linkage||Borrower must have Bank share Linkage @ 1% of the sanctioned loan amount.|
|Repayment period||Maximum 60 months.|
|Rate of Interest||12.50%|
* Simple mortgage of title cleared property to be purchase of the borrower himself.
* Third party guarantee of two personal guarantors having good Credit worthiness and financially sound and member of the bank.