Non Housing Loans
- Site Loan
- Mortgage Loan (ML) / Loan against property (LAP)
- Loans for commercial properties
- Personal loans (PL)
- Flexi Lap
- Commercial Housing loan (CHL)
Flexi Lap
Brief Terms & Conditions at a glance
1. | Purpose of Loan | General |
2 | Who is eligible | All individuals who are salaried/professionals/businessmen/self-employed//NRI/Pensioners who have adequate repayment capacity |
3 | Quantum of loan | a.50% to 60% of the value of the security as per the valuation report given by the company's panel valuer. |
4 | Repayment period | Up to 10 years. In deserving cases up to 15 years depending upon case to case basis. If disbursed in tranches, full EMI to start from 3rd month. |
5 | Interest rate applicable | Floating rate of interest applicable as given below: |
6 | Disbursement |
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7 | Property insurance | Property mortgaged to be insured compulsorily. |
8 | Security for the loan |
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9 | Collateral security | Depends up on case to case basis. |
10 | Stamp duty | As laid down in The State Stamp Act of the respective state government. |
Note: For details regarding Processing charges, other charges and other Compliances, please contact your nearest branch.