Loan Against Property Saver

1. Internal rating scorecard is used for selecting eligible customers.
2. It is based on a combination of parameters:
   – Loan repayment track
   – Credit performance / Credit bureau update
   – Debt servicing ability of the customer
   – Business vintage
   – Financial ratios
   – Existing relationship

1. Sole proprietors / proprietorship firms.
2. Partnership firms.
3. Private-limited companies.
4. Closely-held and public-limited companies.

The maximum tenure for which you can avail the facility is up to 20 years.

1. We accept both residential and commercial property as security.
2. No plot or under construction properties will be allowed.

1. Pre-payment is not permitted in the first 12 months of the loan.
2. You can pre-pay your loan with pre-closure charges of 4% of the outstanding within 24 months of on boarding, 2% between 25 to 60 months of on boarding and 0% post 60 months of on boarding (GST will apply additionally).

You can part prepay your loan with pre-closure charges of 2% of the amount being part prepaid (GST will apply additionally).

Decisioning of the loan may take a minimum of 7 working days to process once all requirements as required by the bank are completed.
Disbursal of the loan will take a minimum of 5 working days from the time of submission of loan related documents as requested by the bank.