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Borrowers may utilize the loan facility to meet their personal expenditure requirements for investments or for general corporate purposes.
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a) Borrower : Owner of commercial and residential properties and who receive rental income thereon viz, individuals, Partnership/ Proprietorship, Trusts & other legal entities permitted to own properties, receive rentals and borrow from banks.
(b) Properties: Commercial and residential properties located in semi-urban, urban, metro centers will be eligible.
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Minimum - Rs 50000/-
Maximum - As per the eligibility
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Minimum - 6 months
Maximum - 60 months |
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| Base Rate + 4.50% (PER: 15.50% p.a.) |
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| 0.50% of loan amount subject to a maximum of Rs 50000/- |
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