Nature of Security
Up to ₹ 10.00 Lakhs
Credit guarantee cover under CGTMSE, wherever available, mandatorily to be obtained at Bank’s Cost
Above ₹ 10.00 Lakhs Up to ₹ 2.00 Cr.
Mortgage of immovable property having Fair Market Value not less than 100% of the limit sanctioned and third party guarantee of two persons of sound financial means to withstand the liability
Note: The Bank at its discretion may waive off Third Party Guarantee in cases where Forced Sale Value of the mortgaged property is at least 100% of the Limit Sanctioned.
As per existing ‘Service Charges Schedule’ of the bank.
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