BUSINESS LOAN OR MORTGAGE LOAN
For investment in business.
Rate of Interest |
15% - 17%( On Actual Diminishing Balance) |
Share Linkage |
2.5% of Sanctioned Amount and Guarantor – Minimum 10 Shares |
Period |
Business loan in case of CC/OD A/c - 1 Year (Subject to renewal) |
Term loan |
5 Years |
Processing Fees |
1% of loan amount + s.t. |
Address and ID proof and 3 photos of Borrower and Guarantor
Advance Repayment excepted.
Stamp Duty – A.P. Govt. Stamp Act – 0.5% of Sanctioned Amount.
Personnel Guarantee – One Person
Collateral Security: Mortgage of Property
Sale deed with 30 years link
Latest E.C. and Property Tax receipt.
Last 3 years I T Returns , Balance Sheet, Profit and loss account
Sanction Plan or Permission
LEGAL ADVOCATE FEES : Rs.500/-
VALUATION CHARGES – IT DEPENDS ON THE VALUE OF PROPERTY , INITIALLY RS.3000/- TO BE DEPOSITED .
|