Age: min 18 Years to max 65 Years at the end of loan tenor
Eligible borrower: proprietorship firms, partnership firms, limited companies
Eligible property: residential, commercial, industrial property, farm house etc.
Loan amount is considered based on type of property, current usage of the property & the market value of the property
The property should be fully constructed, clearly demarcated, identifiable & registered
Loan amount is also calculated based on last year's EBITDA or weighted average of last 2 years' EBITDA. Firm/company should have been in operation for the last 3 years. Firm/company should be making cash profits for the last two years
Credit reference: the applicant should have a sound credit history