|
Builders |
| Purpose |
: |
Loans for Construction of Housing Projects for sale. |
| Applicant |
: |
Professional Developers. |
| Loan Amount |
: |
Min Rs 20 lacs - Max 50% of Project cost up to Rs 5 crores. |
|
|
|
| Rate of Interest |
: |
Quoted on Application. |
| Loan Term |
: |
6 Months to 2 Years. |
| Repayment Mode |
: |
Principal by Monthly / Quarterly Instalment.
Interest to be paid monthly. |
| Security |
: |
Equitable Mortgage, Personal guarantee and any other secuity. |
|
|
|
| Front End Charges |
: |
Processing Fees : Rs. 5000/- for appl. up to Rs 1 crore,
Rs. 10,000/- for more than Rs 1 crore.
Admin Fees : 1% of amount sanctioned. |
