• Loan upto 65% of the market value of the property*
• Flexibility to opt for pure Term Loan or a combination of Term Loan & Overdraft
• Loan upto a maximum of INR 5 crore
• Tenure upto 15 years
• Overdraft facility up to a maximum of 50% of the total sanctioned limit*
• Attractive interest rates

• Application form
• Passport copy / PAN Card / Ration card
• Office address proof
• Passport sized photographs of all applicants / co-applicants
• Certified copies of MOA / AOA /Partnership deed
• Repayment track record
• 3 years audited financials
• 3 yrs ITR of directors/partners
• 6 months bank statement of main operating account
• Professional qualification certificate in case of Doctors / CA / Lawyers / Architects

Q. Who is our Target Segment?
Ans. • Sole Proprietors / Proprietorship firms
       • Partnership Firms
       • Pvt. Ltd. Companies (including closely held limited companies)
       • Professionals – Doctors, Architects, Chartered Accountants, Business Consultants

Q. What is the minimum and maximum annual turnover eligibility?
Ans. Minimum turnover – INR 90 lakhs. Maximum turnover – INR 45 crores.

Q. What is the maximum loan amount offered on a LAP OD product?
Ans. You can avail of a combination of Term Loan and Overdraft against your property up to a maximum of INR 5 crores subject to eligibility conditions being met.

Q. What is the maximum tenure of the loan?
Ans. The maximum tenure for which you can avail the facility is upto 15 years. Overdraft tenure will be 12 months subject to annual renewal.

Q. How much amount of the total sanctioned limit can I expect as Overdraft?
Ans. Overdraft facility can be up to a maximum of 50% of the total sanctioned limit. However; the exact amount of overdraft limit will be based on assessment of working capital requirement. Specific details would be provided by the sales officer.

Q. What do I need to give as security?
Ans. We accept both residential and commercial property as security. No plot, self construction or under construction properties will be allowed.

Q. What is the interest rate on the facility?
Ans. We offer attractive interest rates on the facility depending on loan amount, credit assessment and other parameters. Further details will be provided by our sales officer.

Q. What are the basic documents required for applying for the facility?
Ans. • Bank statements for last 6 months
       • 2 year financials including Profit & Loss (P&L) Statement , Balance sheet and Income Tax returns 
       • Documents related to establishment of entity , identity and address proof documents Specific details would be provided by the sales officer.

Q. What are the pre-closure charges on LAP/OD?
Ans. Pre-closure charges – 2% of the outstanding amount (service charges extra) Part prepayment charges – 2% of the amount part prepaid (service charges extra) Specific details on the OD charges would be provided by the sales person.

Q. What is the turnaround time for the disbursal of the loan?
Ans. Disbursal of the loan may take a minimum of 7 working days from the time of submission of loan related documents as requested by the Bank.