Flexi Advances

 

Schemes

Flexi Loan

Flexi Overdraft

Facility

Term Loan

Business Overdraft

Purpose

 

  • For any bonafide business expenditure like expenditure for acquisition of assets.
  • For any personal expenditure like medical expenses, marriage expenses or expenses for any family function etc.
  • For purchase of land for industrial purpose.

 

To meet the day to day expenses &/or working capital needs of the business.

Eligibility

Any Individual, Business entity, Professional,
Self employed or Salaried person.

Any Individual, Business entity, Professional,
Self employed.

Margin

30% of the market value of the property.

35 % of the market value of the property.

Security

Mortgage of landed property like residential flat, bungalow, shop etc. owned by the applicant or a third party.

Mortgage of landed property like residential flat, bungalow, shop etc. owned by the applicant or a third party.

Loan Limit

70% of the market value of the property as certified by our bank's empanelled value.

The limit will be subject to a ceiling of 20% of projected turnover or 65% of the market value of the property as certified by our bank's empanelled value whichever is lower.

Interest Rates

 

  • Individuals: 11.50% p.a.
  • Small and Micro units: 13.50% p.a.
  • Others: 14.50% p.a.

 

 

  • Individuals: 11.50% p.a.
  • Small and Micro units: 13.75% p.a.
  • Others: 14.75% p.a.

 

Repayment Period

7 years extendable to 10 years.

Renewable after every 12 months.

Guarantor

The mortage loan will be secured by a personal guarantor of a person of good net worth and income acceptable to the bank.

The mortage loan will be secured by a personal guarantor of a person of good net worth and income acceptable to the bank..

*Terms & Conditions Apply.
For Details, please visit nearest Branch.

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