Introduction
Whether you want to buy machinery or livestock, pay costly debts, pay your workers, renovate your business premise or for any other business needs , you can avail a mortgage loan. This product is for clients who want a higher loan or for longer tenure and are willing to mortgage their property.
Features and Benefits
Depending on your repayment capacity you can choose your EMI from 48 months to 120 months tenure for a maximum loan amount of Rs. 10 lakhs. This product is apt to fulfill your short-term or long- term business needs.
Eligibility
You should be an Indian citizen in the age group of 18-59 years
Business stability of 3 years.
Permanence of business location of 3 years.
Fees and Charges
Processing Fees – 2% + GST
Bounce Charges – Rs 500 (inclusive of taxes)
Late Payment Charges – Rs 200 per month (inclusive of taxes)
Foreclosure Charges – As applicable
