IFSC Code : IBKL0497LUC

Professinoals

(Doctors, Engineers, Chartered Accountant, Interiors decorators, certified Financial Planner, Tutors in tuition classes)

1)

Loan Amount

:-

Maximum up to Rs. 5 lacs

2)

Period

:-

60 months

3)

Rate of Interest

:-

Attractive rate of Interest

4)

Purpose

:-

Personal Expenses

4)

Margin

:-

25%

5)

Guarantor

:-

Two well placed ( explore the guarantee of spouse)

6)

Prepayment Charges

:-

No Prepayment Charges

7)

Share Holding

:-

@ 5.00%

8)

Security

:-

Hypothecation of household/office furniture.

9)

Processing Fees

:-

@ 1 % of loan amount + applicable ST. (amount will be reduced to the extent of 0.50% in deserving cases subject to entire banking with us)

10)

Documents

:-

As applicable

11)

Insurance

:-

Insurance of household articles charged to the Bank& Personal Insurance

12)

Eligibility

:-

  • 75% of cost

  • Regular in Income tax returns

  • At least 2 years in professional activity

  • Active registration certificate of profession

  • Net worth to be certified by branch officials and at least 4 times of required finance.

  • DSCR to be adequate to repay the loan amount ( 1.30 for actuals & 1.50 on projection)

  • CIBIL score to be more than 600 ( with no adverse Remarks)

 

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