Registered Mortgage of Constructed immovable property
a) 1.00% for new proposal, b) 1.00% for Cash Credit enhancement,
c) 0.75% (subject to max Rs.75,000/-) for Cash Credit renewal
2.50% of the loan amount.
Realisable value of property as per valuation
report
a)Cash Credit - 12 Months (renewal after 12 months),
b) Over Draft – Maximum 60 months, c) Term Loan - Maximum 120 months.
Property should not be older than 25 years.
Property should be constructed. Construction should be completed. Projected
income will not be considered. All other terms & conditions as per Bank
Policy.