Schemes |
Flexi Loan |
Flexi Overdraft |
Facility |
Term Loan |
Business Overdraft |
Purpose |
|
To meet the day to day expenses &/or working capital needs of the business. |
Eligibility |
Any Individual, Business entity, Professional, |
Any Individual, Business entity, Professional, |
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 |
For More information please contact nearest DNS bank branch. |
For More information please contact nearest DNS bank branch. |
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.. |