Purpose
All personal needs and not for speculative, real estate capital market activities or any activity prohibited by law.
Target Group
- Salaried Individual
- Professionals & Self Employed
Eligibility
Minimum Age - 21 years.
A. Term Loan:
Maximum 75 years of age at End of tenure of loan or till Retirement for Salaried employees
B.Over-draft limit:
(Applicable for Review/Renewal with reducing balance of existing limit only)
Income:
Minimum Gross Annual Income should be Rs. 12.00 Lakh
Nature of facility:
Term Loan only
No fresh Overdraft Facility to be allowed, only review/renewal/with reducing balance of existing account is permitted.
Rate of Interest: RBLR+CRP ranging from 9.75% to 13% as per CIC score
Max Tenor
- Term Loan – 180 Months
- Over Draft – 120 Months (Reducing balance only)
Quantum of Finance: Min 5 Lakh ; Max 750 Lakh
Property located in Metro & Urban Branches
Property located in Semi urban Branches in the State of Goa
Security:
- EM/Registered mortgage of non-encumbered and self-occupied residential property situated in Metro/ Urban/ Semi Urban centres (Goa State only) where title deeds can be mortgaged for purposes other than agriculture, in the ownership and possession of principal borrower either self-occupied.
- Agricultural land/ vacant plot/ commercial/ Industrial property not allowed
- Properties of only spouse can be accepted as collateral provided the spouse is the co-borrower
- Property should not be inherited or by gift deed or by partition deed
Min CIC Requirement
|
CIC |
Salaried |
Professional & Self Employed |
|
CIBIL/ Equifax |
725 or -1 |
750 |
|
CRIF |
665 or -1 |
680 |
|
Experian |
716 or -1 |
731 |
Processing Fees:
For Term Loan: 1.00% of sanctioned loan amount + GST, Maximum Rs.0.50 lakh.
For OD(Renewal only) : 0.50% + GST, Maximum Rs.5000/-
Documentation Charges:
For loan up to Rs.50.00 lakh – Rs.2500/-
For Loans above Rs.50.00 lakh – Rs.5000/-
*Subject to conditions and changes. Please contact our nearest branch for more details and updates.