Loans fully secured against the mortgage of immovable assets like property or land. It is useful for long term business needs or large expansions requiring a higher loan amount or longer tenure.
Loan amount between ₹ 1,00,000 to ₹ 15,00,000 Tenure of 48 months to 180 months Mortgage Loans Fully secured against property collateral (mostly self-owned residences or self-owned business premises) and a contract of hypothecation of working assets, finished goods and machinery
You should be an Indian citizen in the age group of 18-59 years. Business stability of 2 years. Permanent and stable business location.
Application Fees: Rs 1180 (inclusive of taxes) 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 Legal and Technical Charges – As applicable