BMB Loan Against Property

Features

  • 50% concession in processing fees for MSME units
  • Facility as term Loan/Overdraft
  • Interest on daily reducing balance
  • Tenure of loan maximum 7 years
  • Minimum Loan amount: Rs 5.00lacs
  • Maximum: Rs 1.00 Cr for Individual,
  • Rs 2.00cr for proprietorship in service industry,
  • Rs 5.00 Cr for Manufacturing industry,
  • Rs 10.00 Cr for Corporates.
  • Age: Minimum 21 years and maximum 70 years
  • Income should be min Rs 3.00 lacs per annum for at last 3 consecutive years

Rate of Interest:

For interest rate click here

Charges

DESCRIPTION OF CHARGES

Loan Against Property

Foreclosure Charges

Nil for individuals ,for others @2%

Late Payment Charges

1% of the overdue amount

Processing Fees

Term Loan :1.00% of the sanctioned amount :
Min:Rs5000/-
Max:Rs1.00lacs
Overdraft:@0.50% of the sanctioned limit/renewed limit, min 5000/-and max.1.00 Lac.
Concession: 50% concession to MSME under Processing/Upfront

CIBIL Charges

Rs100/- per individual

CIBIL Mortgage Check

Rs50/-

Documentation Charges

Upto Rs50000/- -NIL
Above Rs2.00lacs
Minimum –Rs1000/-
Maximum-Rs20000/-

Inspection and Supervision Charges

Upto Rs2.00Lacs –NIL
Above Rs2.00lacs
Minimum-Rs1000/-
Max-Rs25000/-

Mortgage Charges

At actuals

Stamp Duty (Non –refundable)

At actuals

Legal ,repossession &Incidental Charges

At actuals

 

CERSAI Charges

At Actuals

Rephasement of loans/deferment of loan installments

0.05% of the limit ,Min-Rs1000/- and Max-Rs50000/-

Insurance of the property

At Actuals

more...

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