Apna Office -1

(Loans to Professional)

Purpose

:

Purchase/ Extension/ Modification / Renovation of Commercial Premises for carrying on own Professional Practice & Purchase of Equipments.

Eligibility

:

Resident Indian Professionals. Loans can also be Sanctioned to Company or Partnership firm of such Professional.

Loan Amount

:

Min Rs. 5,00,000.

Loan Term

:

10 Years.

Repayment Mode

:

Equated Monthly Installments (EMI) - Monthly Rest.

Security

:

1. Equitable/ Registered Mortgage of the Premise for which the Loan is raised.

2. Demand Promissory Note.

3. Personal Guarantee of Directors / Partners, as Applicable.

4. In case of Companies, Registration of Charges in R.O.C.

Addl. Security

:

Hypothecation of Equipment, if financed

Front End Charges

:

1% of  Loan Amount (subject to maximum of Rs.25,000/- ) +  Service Tax, as applicable