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Shop Loan

Features & Benefits

  • Zero Processing Fee
  • Personal Accident Policy with coverage of Rs 5 Lacs for the period of 5 years
  • Interest charged on daily reducing basis
  • No pre-payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options –ECS /Post Dated cheque/Standing instruction
  • Speedy Loan approval
  • Offers Insurance cover for all assets at attractive premium.

Purpose

  • Purchase of Shop & Gala for commercial use

Eligibility

  • Businessman/Professional/Self employed

Documentation : Refer Basic Documents - Retail Loan

In addition to the basic documents

  • All chain of documents pertaining to security to be mortgaged

Security

  • Proposed Shop or Gala to be purchased

Surety

  • One Guarantor

Repayment

  • Up to 7 years

Conditions Apply