Rate of interest
- 12.00% p.a for Property Limit Individual (PCCL)
- 09.05% p.a. up to Rs.35.00 Lakh ( For Firms Only)
- 09.25% p.a above 1.00 Crore. ( For Firms Only)
Maximum Amount
Rs. 2.0 Crore
Wide Circular no
कं.फा(46) बानासबैंक/सरकुर्लर/2020-21/दिनांक 16.07.2021
Maximum Repayment Period
12 Months (Renew every year)
Margin
40% of Property value
Eligibility
Professionals, businessman, salaried employees and self employed
Purpose
For development of business
Shareholding/Membership Contribution
2.50% of loan amount.
Guarantors
Two guarantors as acceptable to the Bank. (With good net worth)