Scheme to cater to the business needs of Commission Agents / Arthiyas having Udhyam Registration Certificate.
Facility: Working Capital.
Loan Amount: Maximum Rs.5.00 Crore
Margin: NIL.
Security: Equitable Mortgage/ Registered mortgage (under sole charge to the Bank) of self-occupied or vacant residential house / flat, commercial or industrial property, non-agricultural boundarised & well demarcated plot located in Metro/Urban/Semi-urban/Rural areas in the name of borrower/s and / or in the name of his/her/their relative who shall join as Co-borrower for financing to individuals, proprietorship and partnership firms. The security should be unencumbered and SARFAESI compliant. Property in the name of the Company or its Director/s can be accepted as security for financing to Company with personal guarantee of the owner, Director, of the property