Scheme for Purchase/Repair/Modernization / Renovation of New / Old shop/office building / Under Construction Shop / Office premises and having Udhyam Registration Certificate.
Facility: Term Loan .
Loan Amount: Maximum Rs.5.00 Crore
Margin: 25%.
Tenor for Term Loan: Maximum 144 months including moratorium of 12 months.
Security: Mortgage of shop. Hypothecation of other assets like furniture, fixtures, etc. purchased out of Bank’s finance. The residual life of shop/building should be at least 10 years more than the loan tenor.