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CORP SCHEMES AT A GLANCE [ UPDATED UPTO 24.06.

2015 ]
Guidelines

CORP HOME

CORP HOME-PREMIUM NRI

CORP GHAR SHOBHA

Residents/ NRIs/PIOs, aged between 18 to 65 years, either singly or jointly. Maximum of spouse + one Close relatives [Spouse, Father, Mother, Son, Daughter, Brother,

Eligibility

Purpose

Loan
Amount
Margin

Security

Repayment
Processing
Charges
Other
Conditions

Sister] with regular & independent income may join as co applicant for repayment. Employed on renewable contract is also eligible. Repayment tenor not to exceed
retirement age for salaried class & 70 years of age for others. Where property is jointly held by close relatives, all of them shall join as co applicants.
In case of CHNRI:NRI/PIOs aged between 18 to 60 years. Minimum gross annual income of the NRI/PIO & co applicant together shall be Rs.10 lakhs.
Purchase of ready built house /flat/flat under construction. Construction of house in pre-owned land. Purchase For repairs/ renovation /extension/ improvement /
of land and construction of house thereon. Take-over of housing loans from other Banks/Institution, originally furnishing of house /flat.
sanctioned for the above purposes. Reimbursement is permitted within 3 months from the date of registration.
For take-over of housing loans from other Banks/
Institution, originally sanctioned
for repairs/
In case of CHNRI : Minimum loan shall be Rs.5 lakhs.
renovation / extension /improvement/ furnishing of
house/flat.
PT [other than metro ]
PT [other than
SemiMetro
Semi-Urban
Rural
Metro
Rural
&Urban
metro ] &Urban
Urban
Loan Amount
Rs.5 cr
Rs.1 cr
Rs.50 lakh
Rs.25 lakh
Rs.20 lakh
Rs.15 lakh
Rs. 12 lakh Rs. 8 lakh
For purchase of site/land
Rs.1 cr
Rs.50 lakh
Rs.25 lakh
Rs.10 lakh
Upto Rs.20 lakh
10%
Uniform margin of 25% on project cost and the
property mortgaged to the Bank. Existing and
Above Rs.20 lakh & upto Rs.75 lakh
20%
proposed loans together shall not exceed 75% of the
Above Rs.75 lakh
25%
value of the property mortgaged to the Bank.
Mortgage of property. Third party guarantee is not mandatory. But, wherever third party guarantee is not Mortgage of house / flat. Loan upto Rs.1 lakh
obtained co obligation of spouse is mandatory . Cost of pre-owned land [other than inherited/gifted] can be EMG of house/flat may not be insisted upon. In
considered for Margin based on purchase price as evidenced by Sale Deed. In case of purchase of site and such cases, the loan shall be fully secured by
construction, site value shall not exceed 60% of project cost & loan component prescribed for site.
financial assets such as LIC Policies/ deposits/
NSCs/ KVP, subject to maintaining prescribed
In case of CHNRI: Where spouse is also residing abroad, co application of any other close relative residing in India margin against such securities.
OR suitable third party guarantee of a person residing in India to be obtained.
Maximum repayment tenor of 30 years including Maximum repayment tenor of 30 years including Maximum repayment period of 10 years, including
maximum IRH of 18 months. If age of the property is maximum IRH of 18 months. Maximum repayment maximum IRH of 6 months.
above 20 years, maximum repayment tenor is 15 years.
period under fixed rate loan is 15 years.
0.50% of loan amount, Maximum Rs.50000/-+Tax
Loan upto Rs. 50 lakhs Rs. 5000/-+Tax
0.50% of loan amount subject to a minimum of
No prepayment charges.
Rs.1000 +Tax . No prepayment charges
Loan above Rs.50 lakhs Rs. 15000/-+Tax
Max. age of the property 30 years. In case of take over -25 years. Valuation of property, once in 3 years only Max. age of the property 30 years. In case of
for NPA accounts. On prepayment EMI can be revised. Registration charges, Stamp duty, Documentation take over -25 years. Valuation of property, once
Charges, shall NOT be included in the project cost for loans above Rs.10 lakh.
in 3 years only for NPA accounts

CORP SCHEMES AT A GLANCE [ UPDATED UPTO 24.06.2015 ]


Guidelines

Eligibility

Purpose

Loan
Amount

Margin

Security

Repayment
Processing
Charges
Other
Conditions

CORP VEHICLE

CORP MORTGAGE

CORP DOCTOR PLUS

Individuals
(Professionals/
Businessmen/
Salaried class & Others) NRIs, Sole
Proprietorships, Partnership Firms, HUFs,
Companies/ Trusts/ Institutions are eligible.
Business /Commercial/Transport operators :
repayment as per DSCR . Depreciation may be
added. Salaried person to be confirmed in
service. Repayment period should not exceed
retirement date for salaried persons and 70 years
of age for other than salaried persons.
Purchase of two/three/four wheelers/ water
transport vehicle /Heavy vehicles/ other vehicles
such as Crane/Excavator required registration.
Second hand vehicle [only four wheelers] shall
not be more than 3 years old.

Individuals in the age group of 18 to 65 years , NRI,


Firm, Company, HUF and Trusts are
also eligible.
Applicant should be an IT Assessee. Maximum of 2 co
applicants, In case of firm/ Co/ HUF/ Trust, Partners/
Directors/ Co-Parceners /Trustees ,may join as co applicants
to supplement repayment capacity. Firm/Company/Trust
may
avail
loan
against
property
owned
by
Partner/Director/Trustee. But vice versa is not permitted.
In case of non IT Assessee maximum loan is Rs.5 lakh.

Registered Medical Practitioner singly or jointly in the


age group of 25 to 65 years. Firm 50% managed by
Doctors. A Company owned by at least upto 50% by
Doctors. Hospitals which are being run /managed by
Trusts / Companies/
Institutions. Professionals
managing Medical Diagnostic Centers & Testing Labs.
Close relatives [Maximum of 2] may join as coapplicant/s though, they are not Doctors for loan upto
Rs.10 lakh. Repayment tenor shall not go beyond 70
years.
Purchase of Brand new Electro Medical equipment,
Furnishing, Furniture, for purchase /repair/renovation /
construction of clinic/hospital OR purchase of site &
construction of hospital/clinic thereon. Loan for
purchase of second hand Medical Equipment shall not be
considered .
Maximum
Rs 500 lakh
For equipment Rs.250 lakhs
For Physiotherapist: Maximum loan is Rs.50 lakhs

Two- wheeler
Three wheeler
Four wheeler
Other Vehicle

Rs.1 lakh - per vehicle


Rs.2 lakh - per vehicle
Rs. 1 crore - per vehicle
Rs. 5 crore - per vehicle

2 & 3 wheelers
25%
Loan upto Rs.1 crore
15%
Others
above 1 crore
20%
Old Vehicle
40%
Hypothecation of vehicle.
Third party guarantee is not mandatory.
Eligible loans to be covered under CGTMSE
For 2 wheelers
For 3 wheelers
For 4 wheelers

Max. 36 months No IRH


Max. 60 months + IRH
Max. 84 months +IRH

2/3-wheelers 0.50% of loan min500/-+ tax


For 4 wheelers 1% of loan amount with
Minimum-Rs.1000/- +tax
Loan for Commercial vehicles shall be
considered under CCVL scheme.

Domestic/Personal /Business/SME purpose. Running a/c


repayable on demand. Term loan is repayable in 10 years.

The maximum loan amount shall not exceed 10 times of


the Net annual Income. Minimum loan is Rs.2 lakhs and
maximum of Rs.5 crore.Loan is based on location of the
property
PT [other than
SemiMetro
Rural
metro ] &Urban
Urban
Rs. 5 cr
Rs. 2 cr
Rs. 10 lakh Rs. 5 lakh
Margin 50% on value of the property. Where loan is
against continuing security, 50% margin on aggregate limits
availed against such property.
Mortgage of immovable property [residential, commercial,
industrial] against which the loan is sought. Agricultural
property is not permitted. Guarantee not mandatory.
Age of the property not to exceed 20 years.
Running a/c: Repayable on demand subject to annual
renewal. Limit is valid for 3 years. Term loan: Repayable
in 7 to 10 years subject to annual review. TOD not
permitted. Repayment tenor not to exceed retirement age
for salaried class & 70 years of age for others.
Term Loan : 1.00% of limit sanctioned +tax
Running A/c : 0.50% of limit sanctioned- to be collected on
sanction and at the time of every renewal every year +tax
commercial real estate proposals of Rs.25 lakh & above
require in principle clearance. The borrower shall not hold CA
a/c.

Upto Rs.10 lakhs , repayment is envisaged from income.


Above Rs.10 lakhs, repayment is arrived at DSCR
Minimum 15% for equipment. & 35% for purchase/
construction of building. In case of repair/renovation
25% margin on project cost.
Hypothecation of equipment. Loans above Rs 10 lacs
to be collaterally secured by at least 50% of loan amount
t in addition to Hyp of assets. Mortgage of building.
Max age of the building is 20 years.
10 years for building excluding IRH of 24 months & 7
years for equipment excluding IRH of 6 months.

0.50% of the loan amount with a minimum of Rs.1000/+tax


Eligible loan to be covered under CGTMSE scheme.

CORP SCHEMES AT A GLANCE [ UPDATED UPTO 24.06.2015 ]


Guidelines

CORP PROFESSIONAL

Eligibility

Professionals (doctors, engineers etc)Age- 25-65


years .Min. net annual income-Rs 1.50 lacs
Shall not have statutory dues.

Business Persons / Firms/HUF/ engaged in retail trade.


Processing units/Contractors, new entity also eligible.

For acquiring office premises, furniture and


fixtures. Construction/ purchase of office.
Repair/renovation.
PT [other
SemiMetro
than metro ]
Rural
Urban
&Urban
Rs.5 cr Rs. 2 cr
Rs.50 lakh Rs.10 lakh

Short Term Credit Facility by way of term loan or running


account.

Margin

Minimum of 35% for building. 40% for furniture


In case repair/renovation 25% margin shall be
maintained on project cost.

Security

EMG of Building Hypothecation of furniture /


fixtures.
Age of the property shall not exceed 30 years

Immovable Property
35% of market value
Deposits
10% balance
Life Insurance Policy
10% of Surrender value
NSC
25% of Face value
EMG of Immovable property and/or pledge of Financial
Assets and Hyp of stock/receivables.
Age of the property shall not exceed 20 years

Purpose

Loan Amount

Repayment
Processing
Charges

Other Conditions

CORP VYAPAR

CORP VIDYA

20% of Projected turnover. Min Rs 2.00lakh, Max-Rs.5 cr


Metro
Rs. 5 cr

PT [other than
metro ] &Urban
Rs. 2 cr

SemiUrban
Rs. 1 cr

Rural

Max for studies In India -Rs 10 lakh


Abroad -Rs.20 lacs.
Higher quantum of loan may be considered.

Rs. 30 lakh

10 years, excluding initial repayment holiday of


maximum of 12 months.

CVPOD -3 Years, running account or CVPDL 7 years

0.75% of loan amount Minimum Rs.5000/- + Tax

Term loan : 1% of loan amount +Tax


Running a/c: 0.50% loan amount +Tax+ folio charges.

Loan for Furniture may be


premises purchased out of loan.
Repayment is based on DSCR

Stock statement to be obtained once in a year for loan


below Rs.10 lakhs. For others , once in 6 months. Stock
insurance, audit , etc not required. TOD not permitted.
Multiple loans under the scheme against same property to
more than one borrowers is not permitted. The borrower
shall not hold CA a/c.

considered for

Students secured admission to schools / Colleges in


India/abroad through merit based selection
process/management quota. Min of 60% [55% for
SC/ST] marks in previous qualifying exam.
Fees / Purchase of books / computers /
conveyance /hostel/boarding etc.

Rs 4 lakh NIL, above Rs 4 lakh In India - 5%


Abroad - 15%

Rs 4 lakh NIL, Rs 4 -7.50lakh TPG , Above


Rs.7.50 lakh - Collaterals such as immovable
property etc., with assignment of income. co
obligation of patents is compulsory in all cases.
For loans upto Rs.7.50 lakhs: 10 years-fixed
For loan above Rs.7.50 lakhs: 15 years-fixed
Repayment period is excluding repayment holiday
for studies abroad Rs.2000/- to be refunded after
availment of the loan. For study in India -No
processing charges
Loan to be availed near place of domicile. Service
area norms are not applicable.
Vocational Training & Skill Development courses
shall be covered under CVDVC Scheme.

CORP SCHEMES AT A GLANCE [ UPDATED UPTO 24.06.2015 ]


Guidelines

Eligibility

Purpose

Loan Amount

Margin
Security
Repayment
Processing
Charges

Other Conditions

CORP PERSONAL

CORP MITRA

CORP SHUBHA VIVAH

Permanent confirmed employees of Central /


State Government Offices, Profit making Public
Sector Undertakings and
Public Limited
Companies, Schools, Colleges, Universities and
Research Institutions. Pensioners drawing
pension through our Bank. Individuals with
income other than salary/pension.
Repayment tenor not to go beyond retirement
for salaried class and 65 years of age for other than
salaried class.

Confirmed Employees/ Executives/ Officials of the LIC,


LICHFLtd., LIC Mutual Funds and other Insurance
Companies under Public Sector and their subsidiaries
whose salary is routed through the Branch. The age of the
LIC agent should not be more than 65 years whose
commission is routed through the Branch. In the case of
Agents of LIC , a minimum period of 5 years of service
and are receiving regular commission. In case of
employees, eligible loan shall be arrived at based on salary
income only. (i.e Bonus, Incentive income shall not be
considered)
To meet personal/ Domestic expenses/ Contingencies

Individuals in the age group of 21 - 65 years.


NRI/PIO are also eligible for loan under the
Scheme.Close relative/s may join as co applicant/s
to supplement repayment capacity. Maximum of
two co applicants may be obtained for arriving at
repayment capacity. Repayment period shall not go
beyond 70 years of age of the borrower unless co
applicant/s has independent income to service the
loan. In case of salaried class, repayment period
shall not exceed the retirement age.

To meet any genuine personal expenses relating to


family functions, education, travel, marriage,
medical etc
Min Rs. 0.10 lakhs & Max. Rs.2.50 lakhs.
Where salary is routed through the Branch:
Loan upto 9 times net monthly salary.
Salary is routed + UTL is available: Loan upto 12
times net monthly salary.
Pensioners - 10 months net pension.
Others - 25% of the annual gross income

Maximum Rs.3 lakhs.


Employees: Salary + UTL is available : DL -6 months net
salary subject to maximum of Rs.3 lakhs.
Where UTL is not available, DL - 6 months net salary
subject to maximum of Rs.2 lakhs.
Agents: commission + UTL is available 60% of last 3 yrs
average commission, Max.Rs. 3 lakhs- for OD/DL
UTL is not available : 30% of last 3 yrs average
commission , Max Rs.1 lakhs for OD/DL

Nil

NIL

Nil
Co application of another employee /Guarantee is
mandatory. Salary of Co-applicant also should be
routed through the branch.
36 EMIs for salaried class. 60 EMIs for other than
salaried class
1.50% of loan amount +Tax. Minimum Rs.500/

For Employees Nil..


For Agents : over and above Rs.3 lakhs / Rs.1 lakhs, to be
fully secured by Dep/LIC/NSC/Property.
Co applicant /guarantor is required
Employees : 36 months
Agents: DL 60 EMIs, OD: repayable on demand
Demand Loan: 1% of loan amount +Tax ; Min: 500/Running a/c: 0.50% of loan amount +Tax ; Min- 250
In the case of employees repayment tenor shall not
exceed retirement date.
salary/commission shall be invariably routed
TOD is strictly NOT permitted under the Scheme
OD facility is not available to the employees

Where salary is routed through the Branch,


before availing loan, at least one month salary
shall have to be routed through the Branch.
In case of pensioners where repayment tenor
goes beyond 65 years, spouse/Family pension
nominee shall join as co applicant irrespective of
his/her income.

to meet the expenses related to marriage. Dowry is


not permitted. Second marriage [except widow ]
marriage is not permitted.
Minimum Rs.1 lakh, Maximum Rs.10 lakh
PT [other
Semithan metro ]
Rural
Urban
&Urban
Rs. 10 lakh Rs.7 lakh
Rs.5 lakh Rs.2 lakh
Loan amount mentioned above shall be based on
the category of the Branch.
Maximum age of the property 30 years.
Immovable Property -50%, Deposits- 5%, LIC - 10 %;
NSC 10%
EMG of immovable property or financial assets such
as deposit, NSC, LIC etc.. No security for loan
upto Rs.1 lakhs where the salary is routed through the
branch
5 to 7 years
Metro

1% of loan amount +Tax ; Max.5000/No margin on project cost. Reimbursement of


expenses already incurred shall not be permitted.
However, the payment made/expenses incurred after
submission of the loan application may be
reimbursed. Eligible for marriage of self, son,
daughter, brother and sister only.

CORP SCHEMES AT A GLANCE [ UPDATED UPTO 24.06.2015 ]


Guidelines
Eligibility

Purpose
Loan Amount
Margin
Security
Repayment
Processing
Charges

Other Conditions

CORP CA & CS

CORP SHELTER

CORP TUTOR FEE

Chartered Accountants singly/jointly or firm,


registered with ICAI. Company Secretaries
singly/jointly or firm, registered with ICSI. Name
shall not appear in defaulter list.

Individuals age of 60 years owning residential house either


singly or jointly with spouse/close relatives to be used as
permanent residence & should be free from encumbrance.

Students preparing for entrance exam for


professional courses. Parent/s are eligible to avail
loan for their children provided they have regular/
independent income.

For acquiring office premises, furniture and


fixtures. Construction/ purchase of office &
working capital.
Max: 125 lakhs based on experience and location.
For working capital- need based finance against
security. Running limit shall be 20% of gross
receipt of preceding year.
20% for construction/purchase of premises. 20%
for furniture, 25% book debts
EMG of premises, Hypothecation of assets , book
debts etc
maximum of 10 years including IRH of 18 to 24
months

Supplement income. House improvement, medical


expenses, repay existing housing loan, other genuine needs.

for financing tuition fees of entrance exams for


professional courses. Boarding, lodging expenses
are also eligible subject to 75% of such expenses.
Min Rs. 20000/- & ,Max Rs. 2 lakhs

0.25% of loan + Tax ,subject to a min. 5000/Repayment is based on DSCR.


Running account facility shall be extended only
where the borrower has availed the loan for
purchase/construction of office premises & where
immovable property is available as continuing
security OR obtaining any other immovable
property /other financial assets after maintaining
prescribed margin on respective security. In such
cases, third party guarantee may not be insisted.
The loan amount shall be need based and restricted
to 20% of gross annual receipts/fees of immediate
preceding year.

Min Rs.1 lakh & Max Rs 50 lakh ,loan amount will be


disbursed at discounted rate on monthly Qtrly/ Half Yrly/
Yrly/Lumpsum
Margin 30% to 55% in relation to the age of the applicant.

10% on fee structure

Mortgage of residential house.

EMG of immovable property, financial security


such as deposit, NSC, LIC, Gold etc..
Demand loan repayable in 2 to 3 years

No repayment is stipulated. Disbursement tenor is 10


years, fixed & 15 years fixed as per the age of the
applicants.
-NilLump-sum is restricted to 25% of loan amount subject to
maximum of Rs.15 lakhs.
Value of the property shall not be below Rs.5 lakhs.
Balance life of the property shall be at least 20 years

0.50% loan amount +Tax ; minimum Rs.500/Student need not be the applicant. Reimbursement
is permitted where payment has already been made
within 3 months prior to submission of loan
application.

CORP SCHEMES AT A GLANCE [ UPDATED UPTO 24.06.2015 ]


Guidelines

CORP DEMAT
Individuals having shares in
their own or joint names

CORP SITE

CORP GHAR SANSAR

Salaried Individuals confirmed in service. Non


-salaried class engaged in business, Professional and
self- employed persons who are IT assessees and having
minimum of 2 years satisfactory dealings with the bank.

The existing housing loan borrowers enjoying loan under Corp Home
Scheme including variants, CHNRI , Ghar Shobha Schemes. Close
relative/s as defined under Corp Home Scheme may join as co applicant/s
to supplement repayment capacity. Co-obligation of spouse is not
mandatory. Maximum of ONE co-applicant may join.
The applicant will be eligible for the loan only after completion of 12
months from the date of commencement of repayment [ in case of
takeover of loan aggregate period of 12 months] and the repayment in the
existing housing loan shall be regular at least during the preceding 12
months. The house/flat for which housing loan has been extended
should have been completed in all respects, valid mortgage has been
created and no inspection irregularities have been pending for
rectification. Borrower/s whose housing loan is regular as on the date of
applying for this loan but repaid the installments at irregular intervals, in
the past should not be considered for loan under this scheme.The
borrowers who have closed existing housing loan in normal course or
prematurely closed which were regular before such closure.
To meet any personal /domestic expenses.

The applicant should be eligible to apply to the local


Development Authority as per their rules for site/plot.
The applicant should undertake to construct the house in
the allotted site/plot with in a maximum period of five
years.

Eligibility

Applicant should be preferably the Banks customer. In


case of new customer, he should be well introduced to the
bank with proper due diligence exercise .

Purpose
Loan Amount

Liquidity against fully paid


Shares of approved
companies.
Min -Rs 50,000/Max -Rs 20 lakh
50 % of Market Value

Margin
Security
Repayment
Processing
Charges

Other Conditions

Pledge of fully paid Shares


& Third party guarantee of an
IT assessee
24 EMIs
0.50 % of Limit +Tax
Min -500/- Max -5000/All metro & Urban branches,
identified semi urban branches
can sanction loan.

To purchase sites allotted by Govt housing Boards


/Development authority etc
Max Rs.5 lakh for application & Rs.25 lacs for
Allotment.
Salaried class: 12 times of take home salary.
Others: 100% of gross annual income.
Application: Where salary is routed: NIL; others: 15%
For allotment: 25%
Undertaking letter form Development authority.
Third party guarantee at the discretion of the manager
Application money: 12 months.
Allotment:
60 months
Application money: 500/-+Tax
Allotment: 0.50% +Tax; Min 1000/Only identified Branches can sanction loans. Prior
arrangement with Housing Board/Development authority
is required.

Facility shall in the form of Term loan.


Minimum of Rs.1 lakhs and Maximum of Rs.10 lakhs.
Prescribed margin on existing loans/limits under respective schemes.
25% margin shall be maintained on un-encumbered value of the
house property for loan under this scheme.
Continuing security of residential property already mortgaged to the
existing housing loan. Age of the property shall not exceed 30 years.
No third party guarantee.
Within 7 years. Repayment tenor shall not exceed retirement age in case
of salaried class and 70 years of age in case of other than salaried class.
1.00 % of the loan amount sanctioned subject to maximum of Rs.10,000/
+taxNo prepayment charges
Loan against second charge /Pari Passu charge is strictly not permitted.
While applying for loan, the existing housing loan shall be regular and not
closed.

CORP SCHEMES AT A GLANCE [ UPDATED UPTO 24.06.2015 ]


Guidelines

Eligibility

Purpose

Loan Amount

Margin
Security
Repayment
Processing
Charges
Other Conditions

CORP APNI DUKAN

CORP HOME-SMART GAIN

Traders /Businessmen engaged in trade/business either on retail or wholesale basis. Borrowers


can be Individuals either singly or jointly/ Proprietorship Concern / Partnership Firm /HUF/ Company
or any other entity engaged in trading/business activity.
Applicants engaged in business/trading activities either on contract /commission/franchise/Agency
basis are also eligible. [ i.e to start or to set up Grocery/Stationery /Fancy shop , Typing/Xerox
Centre, Cyber Caf, Laundry /Dry Cleaning , Showroom, Petrol Bunk, Depot, Beauty
Parlour/Spa /Saloon/Gym, Mobile/Electronic Showroom etc.. ] Applicants should have been
engaged in the trading/business activity at least for one year prior to seeking the loan and shall have
at least one year financial statements and sufficient repayment capacity. The applicant must have
either sales tax-registration OR trade/business license/permit issued by any Statutory
Authority/Recognized body. The applicant should not have any statutory dues outstanding in
respect of business activity.
For construction of shop in the pre-owned land or purchase of ready built shop / commercial
space for business or purchase of shop /commercial space under construction for own business
purpose.Purchase of land and construction of shop is not permitted.The borrower is free to
avail loan for working capital requirement. Taking over of loan availed with other banks/FI for the
purpose, shall be subject to compliance with the guidelines prescribed under Group Credit Policy for
takeover of loans under Corp Schemes. However, in case of term loans, repayment tenor shall not
exceed leftover repayment tenor of transferor bank. Only such properties which are ready for
occupation or those which will be available for occupation within next 12 months shall be financed.
Min Rs.2 lakhs & Max: Rs. 2 crore
PT [other than metro ]
Metro
Semi-Urban
Rural
&Urban
Rs.200 lakh
Rs.100 lakh
Rs.50 lakh
Rs.25 lakh
The limit mentioned above shall be only for acquiring shop/premises. Loan amount mentioned
above shall be based on category of the Branch and NOT on location of the property. Business unit
/shop shall be situated within 10 kms of distance from the Branch.
While extending Term Loan, 35% margin on the project cost for construction/purchase of shop.
While extending loan for working capital requirement, 35% margin shall be maintained on
immovable property for both the term loan & working capital limit together on the value of the
security
Mortgage of immovable property acquired out of the loan. In case of purchase of ready built
shop/building, age of the building offered as security shall not exceed 20 years.

The borrowers can deposit surplus fund to the extent of


maximum of 3 EMIs at a time, to reduce interest burden. This
enables them to make optimum use of liquid funds. The
repayment made in excess of normal EMI would be available
to the borrowers for withdrawal at convenience.

10 years including IRH of max of 12 months. EMI/Notional interest of existing & proposed loan
together shall not exceed prescribed % of net income as per common guidelines.
1% of limit sanctioned + applicable Service Tax
The loan for acquiring shop /building to be used for self business activity only shall be considered
under the Scheme.

Withdrawal facility will not be available during the initial


repayment holiday period. Withdrawal facility will be
activated 3 months after the commencement of repayment
period, only in the cases where full loan amount has been
released/disbursed.
Business/Commercial transactions are not permitted in the
account. Prepaid amount eligible for withdrawal may be
withdrawn through SB a/c maintained at the Branch by
requesting the branch to transfer the amount from loan account
to SB a/c.
There is no need to reduce the Drawing Power every month
once the software is developed. This variant will not be
available under Corp Home-Flexi, Corp Ghar Shobha and
Corp Home-Premium NRI Schemes.
Minimum loan amount shall be Rs.10 lakh.
Except for the above, all other guidelines of Corp Home
Scheme are equally applicable for this Scheme

As applicable to Corp Home Scheme. Annual Service Charge


of Rs.2000/-+tax, shall be collected at the time of annual
review. No separate folio charges.

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