For expenditures of any nature to individuals/business enterprises/professionals/self-employed.

Minimum net annual income

Employees: 1.44 lac

others should be 1.50 lacs.

Minimum of  0.50 lacs to maximum of 30 times net monthly income or 100.00 lacs whichever is lower.

(In case of individual borrowers, the income of the spouse can be taken into consideration for determining the loan amount. In such cases, the facility would be allowed in the joint names.)

Mortgage of the unencumbered residential house/flat, commercial/Industrial property with a clear marketable title in the name and possession of borrower/proprietor or partner/s/Director/s either self-occupied or vacant with a security cover of 1.5 times the amount of loan.

7 years.

Upto 2 lacs: Applicable MCLR+3.00% (Floating).

Above 2 lacs: Applicable MCLR+3.50% (Floating).

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