Rate of Interest : 8.50% to 9.50%
Eligibility
- Applicant/s and/or Guarantor/s required to have permanent residence in Surat district
- Applicant/s & Guarantor/s should complete age of majority as per Law of India
- Repayment Capacity ( Total Annual Income – Total Approx Annual Exp. – Total Annual Loan Liabilities (EMI*12) = Total Approx Annual Savings. (Approx finance up to 50 % to 60 % on Total Approx Annual Savings)
Facility Provide to Proprietorship Firm, Partnership Firm, Pvt & Public Ltd Co., Trust, Doctor, C. A., Engineer and other Professional Person
If Running Business than Project Finance up to 75 % and New Business than Project Finance up to 50 %
- Facility provide on Realizable Value of Commercial Property up to 60%, On Residential Property up to 70% & on Industrial Property up to 55%
- Project Term Loan for Business Purpose, Installation of New Machinery. Maximum Period of Moratorium 6 months enough.
- Project Loan for purchase of machinery/equipment Loan Tenure maximum 10 years (Including Moratorium Period)
Processing Fees :- Processing Fees 0.50 % Sanction Amount + GST on PF
Moratorium: – For Construction new office/factory shed/Godown. Maximum Moratorium period 12 months.
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.
Flat Roof Company has, since our very first day in operation, been one of the best options in the region for commercial, residential, and industrial flat roof repair and installation.We’ll ensure that you focus on the opportunities that maximize competitive advantage and strengthen the connection between
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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