Business/Mortgage Loans

These are loans provided to individuals for business enhancement purposes. The customer has to provide the self occupied property as collateral for the loan. The property provided for this purpose shall only be self-occupied residential property. Customers are eligible for a loan amount, up to a maximum of 60 % of the property value, subject to the credit eligibility and technical valuation of the property, whichever is less.

Quantum of Loan

The minimum loan amount is INR 5 lakhs and the maximum is INR 15 lakhs.


All salaried, self employed professionals and self employed non- professionals above 24 years of age and Resident of India and who are having a regular stream of income are eligible for Business/Mortgage loans. NRIs & PIOs are not eligible for Business/Mortgage loans.


Self-occupied residential property bearing a clear title and free from all encumbrances.

Tenure of loan

Tenure of the loan will generally vary between 5 years and 15 years or till the age of retirement in case of the salaried class or till the attainment of 60 years in case of the others whichever is earlier.

Interest Rate

The Interest rate for Business/Mortgage loans will be in the range of 18% to 21% per annum.