Purpose
Term Loan (TL)
Business, professional, or personal needs.
Overdraft (OD):
To meet various business-related needs, such as:
- Working capital.
- Business expansion
- Buying or renovating office/shop/unit
- Buying equipment or fixed assets
- Managing short-term cash crunch
- Repaying high-interest business loans from other banks
Eligibility
- Individuals (salaried, professionals, self-employed)
- Proprietorship/ Partnership Firms
- Limited Companies
- Societies & Trusts
Limit and Margin
Maximum Loan: ₹10 Crore (₹1000 Lakh)
Margin: 40% of distressed sale value of the property.
Security
Equitable/ Registered mortgaged of the property.
Repayment
TL :
Max 10 years
OD :
Repayable on demand, renewed yearly.
Rate of Interest
Charges
