Flexi LAP (Flexible Loan against Property) where sanctioned loan can be availed in tranches with enhancement facility
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Purpose |
To meet genuine personal or business needs of individuals. |
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Eligibility |
Individuals who are salaried / professionals/ SE & NP/NRI /pensioner/ firms/ companies who have adequate repayment capacity supported by Proof Viz Salary slips/Form 16 and Income Tax Returns. |
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Disbursement |
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Security |
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Rate of interest |
Prevailing card rate. |
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Repayment |
Up to 20 years by way of EMI. If disbursed in tranches, full EMI to start from 3rd month. |
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Other conditions |
If borrower wishes to avail additional amounts / already pre-paid amount, he may avail up to 110% of loan amount after 12th month by way of enhancement of loans .likewise up to 125% after 24 months. |