Objective |
This scheme provides hassle free finance to borrowers in trade and service sector who are willing to furnish mortgage of property of adequate value, for acquiring fixed assets needed for business purposes and/or for build-up of inventory/current assets. |
Age |
Minimum 21 years ; Maximum: 65 years |
Eligibility |
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Quantum of Loan |
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Margin |
50% of the realizable value of the property |
Interest Rate |
Interest will be charged at prevailing rate on daily reducing balance at monthly rest. |