Rate of Interest : 8.50% to 9.50%
Eligibility
As Per BOARD RESOLUTION OF 13/04/2018, AGENDA NO. 08 (In Bye –Laws) such as
Loan/Overdraft against, Fix Deposit.
90% of Principal Value of Own bank’s Fix Deposit Receipt/s
Specific Sanction Terms and Conditions:-
(A) Original TDR with bank’s lien marked should be kept with Bank for security purpose.
(B) Rate of interest will be charged @1 % Extra on & above the Rate of Fix Deposit Receipt.
Processing Fees :- Processing Fees 0.50 %on sanction amount + GST on PF
Guarantors:- Two guaranters (who holds permenant residence in surat district)
4.Maximum Loan Amount & Margin: Individual housing loans up to a maximum of Rs.60 lacs per beneficiary of Dwelling unit. Subject to prudential exposure limits of RBI from time to time.
Period of Loans:
- Housing loan may be repayable within a maximum period of 20 yrs. Including Moratorium of repayment holiday.
- Processing Fees : – Processing Fees 0.50 % on Sanction Amount + GST on PF
- Moretorium: Home Loan for construction maximum 18 month and as per guideline of RBI from time to time.
- Till completion of consturction, or 18 months from the date of disbursement of first installment of the loan which ever is earlier.
Loans & Advances
- Housing Loan
- Personal Security Loan
- Vehicle Loan
- Commercial Vehicle Loan
- Used Vehicle Loan
- Traders(CC)/ Business(Wctl)
- OD Against Property
- Loan Against Property
- Loans against Fix Deposit
- OD Against Machinery Loan
- OD Against NSC/ KVP/ LP/ Policy/ IES of LIC
- Hypothecation Loan Against Machinery
- OD/Loan aginst Bank's own term Deposit Receipt
- OD Against Property/ Working Capital
- Loan Against Property for Commercial Property Purchase
Our Brochures
0261 2360433/34
Monday – Saturday: ex 2nd & 4th Sat
info@fincobank.com