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Eligibility

Age Criteria:

For Individuals: 20 to 60 years

For non-individuals: 3 years in same line of activity

Income and Employment Criteria

Salaried:

• Minimum Gross Salary per month - Rs. 30000/-
• Minimum Service Period in Current Organization: 2 years

Self Employed / Professional

• Minimum Net Annual Income: Rs. 3,00,000/- after deduction of proposed EMI

• Should be in same line of activity for past 2 years.

Purpose

For any social/financial commitments, acquiring assets, etc.

Quantum of loan

Maximum loan amount: Rs. 20 Crores for individuals and Rs. 40.00 Crores for non-individuals

Margin

40% of Forced Sale Value of the Properties 

Rate of Interest

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Tenure

12 to 180 months subject to loan amount sanctioned

Security

Equitable Mortgage of Properties

Processing Charges

As applicable from time to time. Click here for current Service Charges

Documents required

• Proof of Identity
• Address Proof
• Proof of Employment or Membership card of respective professional body
• Bank Statement (latest 3 months bank statement)
• Latest Salary Slip or current dated salary certificate with latest Form 16
• One bank cheque leaf (cancelled) of the bank account where salary is credited
• ECS mandate authorizing the Bank to receive the monthly installment and letter of undertaking to give fresh mandate in case of any transfer, etc.
• For professional self-employed persons past 3 years IT returns

Download Brochure

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While all efforts have been made to update the information, constituents are requested to contact the nearest branch for further details