Loans to Professionals for office for their Professional Practice
| 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 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 |
| Rate Of Interest | : | Contact nearest Area Office for details on the Interest rate |
