Welcome to The Financial Co-op. Bank Ltd.          

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Call Us: 0261 2360433/34

(Mon – Sat, ex 2nd & 4th Sat)

E-mail Us:


3044-47, Abhishek Market,

Ring Road, Surat-395002

OD Against Property

Limit per Borrower: Maximum Limit Rs.60.00 Lacs
Margin :     Is Applicable from time to time
No. of EMIs:      Maximum 180 Months
(B.O.D. reserves right to change according to repayment capacity of applicant).
Rate of Interest:8.00% to 10.50%
Guarantors:Two guaranter (who holds property in surat district)


  1. Applicant/s & Guarantor/s should complete age of majority as per Law of India
  2. Applicant and/or Guarantor/s required to have permanent residence in Surat district 
  3. Facility Provide to Proprietorship Firm, Partnership Firm, Pvt & Public  Ltd Co. Trust, Doctor, Chartered Accountant, Engineer and other Professional Person
  4. Limit on 30 % of Actual Latest Audited GST Turn Over OR 20 % of estimated/projected Turnover
  5. Collateral Security 125 % of limit required (Security Value /125% = Limit Amount)
  6. If Running Business than Project Finance up to 75 % and New Business than Project finance up to 50 %
  7. Full value of insurance of Primary and Collateral Security with bank’s hypothecation charge must be submitted

  8. Calculation of limit on drawing power basis. Drawing power 70% of paid stock value & 60% to 75% of 90 Days Book Debts (As per statement submit in every six month).

Security:  If propose mortgage property/IES is/are Commercial/Industrial Property,Bank will consider margin upto 75% to 80% of realisable value and 70% to 75% of market value

Tenure For Repayment: Yearly Review

Processing Fees :-  Processing Fees 0.35 % on Sanction Amount + GST on PF


2. 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)

3. Purchase of Residential Property, 80% loan amount of sale deed, satakhat, Construction cost will consider. Additional/ supplementary Finance Rs. 5 lacs  to the owner of house/ flat only for repairs ,additions, alterations etc…. irrespective of whether the house/flat is owner occupied or tenement occupied offer obtaining such security as the banks may deem appropriate. BOD /loan committee have reserve right to consider loan amount.  

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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