Loan Against Property

  Perticulars
  Self-employed, Professional Business Enterprise, Salaried
Purpose of the Loan a)Business expansion / professional needs / marketing

b)Improvement/extension of existing property

c)Repayment of high interest bearing existing loans from other banks/FIs

d)Purchase of new shop / office / go down for business expansion

e)Working capital needs
Type Of Loan Term Loan
Cash credit / Drop down OD facility with 15% reduction in DP(for working capital)
Quantum of Loan For Salaried class - Min. : Rs. 2.00 lacs Max. : Rs. 300.00 lacs
For Business class / Professional - Min. : Rs. 5.00 lacs Max. : Rs. 750.00 lacs
Rate of Interest
Individual Term Loan
( For both EMI and NON EMI Options)
Interest Rate
  700 & Above 10.25%
  650-699 & (0 or -1 Score) 10.75%
  Less than 650 11.25%
 
Individual Drop down CC
( For both EMI and NON EMI Options)
Interest Rate
  700 & Above 10.75%
  650-699 & (0 to 5 or -1 Score) 11.25%
  Less than 650 11.75%
 
Non Individual Term Loan
( For both EMI and NON EMI Options)
Interest Rate
  Margin is 50% or more FOIR is 65% or less - 10.00%
FOIR is more than 65% - 10.50%
  Margin is Less than 50% FOIR is 65% or less - 10.25%
FOIR is more than 65% - 10.75%
 
Non Individual Drop down OD
( For both EMI and NON EMI Options)
Interest Rate
  Margin is 50% or more FOIR is 65% or less - 10.50%
FOIR is more than 65% - 11.00%
  Margin is Less than 50% FOIR is 65% or less - 10.75%
FOIR is more than 65% - 11.25%
 

Note : (1) In case of joint applicants, average of CIBIL scores to be worked out to decide the pricing. (2) In case, one of the applicants is having (0) or (-1) CIBIL score, average score of all applicants to be considered to decide the pricing excludinq (0) or (-1) etc.

Processing Fees 0.40% of Loan amount
Margin 40% of valuation property / sale deed
Security Mortgage of Immovable property
Repayment of loan For Term loan – Tenure: 7 Years by EMI/ Non EMI
Title Clearance
and valuation
charges.
To be borne by the customer
Documents
required
Business Enterprise/Professional/Self-employed

1) I.T returns for past 3 years along with COI

2) Details of all existing loans

3) Last 6 months bank statements of main bankers(satisfactory conduct of account)

4) Audited/unaudited Balance sheet for last 3 years and profit and loss account (CA certificate for unaudited B/S)
Share linking 1% of the the loan amount (Maximum – Rs. 2.00 Lacs)
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All Rights Reserved by The Kalupur Commercial Co-operative Bank LTD.

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