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This facility is meant for Professionals like Practising Doctors, Chartered Accountants, Cost Accountants, Executives holding IIM diplomas and Computer Engineers.
Loans can be applied under any of the usual Schemes. A one-time processing and Administrative fee(non-refundable) @ 1.0% of loan applied for, is payable. Inspection of Property and title clearances are undertaken simultaneously, as soon as the loan is sanctioned. This facilitates quicker disbursment of loan. Collateral security of LIC Policy upto the extent of 50% of the loan amount is sufficient. |