It is a hidden treasure with which you can fuel a dozen more dreams! Now be it a business expansion, or opening a new branch, put your property to good work with SVC's Office Mortgage.
|Who can Borrow
||People engaged in trade, commerce & business professionals, proprietary firms, partnership firms, companies & individuals with high net worth
||Purchase/construction of commercial premises.
||Max. Limit Rs.500 lacs
||Mortgage of commercial premises to be purchased
- 10% of Agreement value for loans upto Rs.30 Lacs
- 20% of Agreement value for loans above Rs.30 Lacs
||Repayment 5 years – 15 years by way of EMIs.
||0.50% to 1% of the loan amount Plus S.T.(Minimum Rs.5000/- + ST)
|Legal & Documentation Charges
||On Actual Basis
- 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.