Area of Operation - Loan shall be advanced in the area operation in the Gurdaspur district.
Beneficiary |
Owners of the Property who have let out or proposed to be let out the same to reputed company. |
Purpose |
For meeting business/personal needs. |
Loan Limit |
Maximum to the extent of 75% of post TDS Rent Receivable for a period. Not exceeding 120 months or un expired period of lease. |
Rate of Interest |
14% |
Repayment Period |
Maximum 10 years or unexpired period of lease whichever is earlier. |
Collateral Security |
Mortgage of landed property value of 150% of the loan amount or other chargeable securities such as NSCs, KVPs, banks own deposit to the extent of 100% of loan amount. |