To provide Finance for possession and use of commercial property being Shop/s, Office/s, etc and leased out by Government/ Semi-Government and Autonomous bodies.
Any one of the following is eligible:
*The applicant must have a business standing of at least 3 years.
4 times net annual income subject to a maximum cap of 50.00 Lacs. Income of spouse will also be considered for married applicants
25% of lease premium. Earnest money paid shall be considered for margin requirements.
Click here for rate of Interest
60 to 84 Equal Monthly Installments.
1 Month from the date of first disbursement.
Prepayment allowed subject to prepayment penalty @1% on the pre-paid amount