MORTGAGE LOAN (Commercial Real Estate )
| Eligibility | Individuals/salaried persons/Partnership firm/limited companies those who are having assured income for repayment of loan |
| Purpose | To builders towards construction of any property which is intended to be sold or given on lease.(loans given to builders for house buildings, hotels, restaurants’, gymnasiums, hospitals, shopping malls, office blocks, theatres, amusement parks, cold storages, warehouses, educational institutions). |
| Loan Amount | Up to exposure limit based on cash inflows for repayment of loan. In case of construction of building on own plot 50% of the cost of the site + construction value or 75% of the construction estimate whichever is less. |
| Rate of interest | Click Here |
| Repayment | 120 months to 180 months with a gestation of 12 months. |