Mortgage Loan
Objective : To provide hassle free credit facilities both for working capital and capital expenditure to MSME borrowers who are willing to provide mortgage of property of adequate value.
| Features | ||
|---|---|---|
| Eligibility | : | MSME Enterprises |
| Quantum of Loan | : | 65% realizable value of the Security subject to a maximum of `5.00 crores depending upon category of Enterprise |
| Repayment | : | Working capital loans [CC/OD] is valid for 12 months. However interest should be serviced with in 15 days after charging.
Term Loan 60 Months including moratorium. Demand loan maximum 36 months |
| Margin | : | 35% |
| Security | : | Primary : Hypothecation of assets acquired by Bank Finance.
Collateral : 153% of Loan amount in the form of equitable/ registered mortgage of land/building. |
| Interest Rate | CLICK HERE to view interest rates | |
| Processing Fee [Working Capital Loans] |
: | CLICK HERE to view Processing Fee |
| Up-Front Fee [Term Loans] |
: | CLICK HERE to view Up-Front Fee |
