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Shopping Complex Loan

Shopping complex Loan (Property surety)

Type of loan

Long Term Loan

Method of payment

Quarterly

Purpose

Construction/maintenance of shopping complex

Eligibility criteria

Individual

Limits of Loan

Rs.25,00,000/-

Rate of interest

13.50%

Penal interest

2%

Security

Property/personal security

Period of Loan

5 to 8 years

Margin

30 %

Scale of finance

70% of Project cost

Holiday period

6 months

 Documents required for availing loan

1. Project Report

2. Documents of property

3. Any other documents required by the bank from time to time

 

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