CENT SHOP

Purpose

For purchase/ construction of New/ Old shop/ office building and/or Repair/ Modernization/ Renovation/ Face lifting of existing shop/ office building for trade or business or professional service.

Eligibility

Individuals singly or jointly, Proprietorship firms, Partnership firms, Limited Liability partnership firms (LLP), Companies, Registered Trusts, NRI jointly with resident relative/s.

Udyam Registration number of the applicant is mandatory and the account should be classified as Micro/Small/Medium as per the Udyam Registration certificate.

Proscribed/ restricted/ speculative activities are out of purview of the scheme. Finance to NBFC/ Real Estate Companies/ Builders or where HUF is a partner is not permitted.

The property should be located in Metro / Urban / Semi Urban area having clear marketable title.

Nature of Facility

  • TL

Max Finance

2 CRORE

Margin

25%

Interest Rate

Floating 7.80% to 12.60% (as per rating)

Loan Term

120 months