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:

  • Individuals
  • Proprietorship Concerns
  • Professionals or self employed persons
  • Partnership firms.
  • Companies

*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.

  • Primary: Mortgage of lease-hold rights in the property acquired.
  • Collateral: 3rd Party guarantee of two persons/ Mortgage of Immovable property as per the satisfaction of the Branch Manager.

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