Aspects

• Quick Loan Processing
• High Financing
• Loan limit is 25,00,000.00 or 60% of property valuation whichever is less.
• Loan tenure is up to 5 years.
• Pre-Payment Penalty : 3% Penalty charges.
• No margin amount.

ROI & Handling Charges

• Rate of Interest is 16%.
• Handling Charges : Half Yearly & Yearly.
• Processing Fees : 0.5%

Eligibility

• Businessmen
• Age : 18 to 55 years

Documentation & Security

• In case of new customer, applicant & guarantors need to open savings / current account.
• Duly filled form with :
  • Income Proof of Applicant & Guarantors
  • Residential Proof of Applicant & Guarantors
  • PAN Card of Applicant & Guarantors
  • KYC of Applicant & Guarantors
• 3 years of ITR
• Two Acceptable Guarantors

Share Holdings

• Regular Membership fees is Rs. 100 & Share amount @ 2.5% of loan amount.
• Guarantors : Nominal membership.