Rate of Interest : 8.50% to 9.50%
Eligibility
- Facility Provide on Realizable Value of Industrial and Commercial Property up to 70%, on Residential Property up to 80% & on Property.
If Running Business than Project Finance up to 75 % and New Business than Project Finance up to 50 %
Working capital Requirement – 30 % of actual latest audited GST Turn Over for last financial year OR — 20 % of estimated/projected turnover
Tenure For Repayment: Yearly Review
- 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 0.35 % + GST on Sanction Amount
Note: One time Process Fee is charge, Do levy yearly renewal charge
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