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The Shamrao Vithal
Co-operative Bank Ltd.
 
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  Home>>SV Office Mortagage loan
   
      SV Office Mortgage Loan  
       
    Features:  
       
     
     
Who can Borrow
  People engaged in trade, commerce & business professionals, proprietary firms, partnership firms, companies & individuals with high net worth.
Purpose   To meet credit needs of the trade, commercial activity, other general business, Profession as also for their bonafide requirements
Limit

  Max. Limit Rs.200.00 lacs.

Security

  Mortgage of commercial premises to be purchased.

Margin

  20% of Agreement value plus Stamp duty & Registration.

Repayment

  Repayment 5 years - 10 years by way of EMIs.(moratorium available)

Processing Fees

  0.50% to 1% of the loan amount Plus S.T.(Minimum Rs.5000/- + ST)

Legal & Documentation Charges

  On Actual Basis

Prerequisites

  • Income Tax Returns for the last three years along with computation of income of Individuals/Partners/Directors.
  • Audited Financial Statements for the last three years of the firm/companies
  • Copies of the relevant documents of the property to be purchased/constructed.

       
     

 

        * Our Website will have a new look shortly !!! *     * Great News ! SVC Bank now offers 10.50% for 500 days (simple interest) for Senior Citizen and 10.25% for 500 days (simple interest) for individuals ,societies ,HUF, etc w.e.f. 26th May 2011. Hurry ! contact your nearest branch NOW. Offer valid for limited period only.
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