| Limit per Borrower: | 90% of Surrender Value |
| No. of EMIs: | Is Applicable from time to time (B.O.D. reserves right to change according to repayment capacity of applicant). |
| Rate of Interest: | 7.75% to 8.50% |
| Guarantors: | NIL |
Eligibility
1. 90% of surrender value of LIP of LIC and other PVT. Company policy
2. 90% of Principal/face Value of KVP
3. 85% of Principal Value of NSC
5. (i) No Loan/ Overdraft Facility allowed on LIC Pension Plan Policy
(ii) Minor Policy will not consider
(iii) At least 3 Years premium should be paid regularly
- 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 0.15 % on Sanction Amount + GST on PF (As per bank Policy From time to tome)
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.
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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