Mortgage Loans
Mortgage loan for Trade and Service Sector (CC / OD / TL)
- Loan for providing hassle free working capital finance to borrowers in trade & service Sector who are willing to furnish mortgage of property of adequate value
- Retail traders / whole sale traders professionals & self-employed / small business enterprises / commission agents / corporates engaged in T&S sector
- Term loan OR Cash Credit (Working Capital loan)
- Assessment of limits – 15% of the projected Annual Turnover for Traders 1 year annual income for professional and self employed subject to a maximum of 65% of distress value of property
| Features | ||
|---|---|---|
| Interest | : | Click to view Interest Rates |
| Repayment | : | Term Loans – Maximum period of 60 months Cash credit – Renewal on annual basis Overdraft |
| Quantum of finance | : | Minimum `10.00 lacs Maximum `5.00 crores |
| Processing charges | : | Upto `2.00 lacs `250/- Above `2.00 lacs, `250/- per lac, max `10.00 lacs |
| Security | : | Equitable Mortgage of Immovable Property |
Registration of Memorandum of Deposit of Title Deeds with The Registrar of Assurances (Sub-Registrar) is compulsory (Registered Equitable Mortgage)
