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 6 months to 72 months tenure for a maximum loan amount of Rs. 25 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 21-59 years
Business stability of 3 years.
Permanence of business location of 3 years.

Fees and Charges
Interest Rate – 19% to 26% per annum annualized.
Processing Fees – 2.5% + GST
Legal and Technical Charges –Rs. 3186 (inclusive of taxes),on case-to-case basis.
Bounce Charges –Rs. 500 (inclusive of taxes)
Late Payment Charges (applicable after first 7 days) –Rs. 200 per month (inclusive of taxes)
Foreclosure Charges –5% of Principal Amount + GST