Make use of your ASSET for growth & expansion of your business.
Bharat Bank - Asset backed Loan enables you to meet your credit needs for various productive purpose against mortgage of fixed asset.
What is the Purpose of this Loan?
To meet the credit needs for Trade, Commercial Activity, General Business /Profession, Acquisition of Assets, Business Expansion, Modernization Renovation of Business Premises etc.
Who can avail for this Loan?
Salaried individuals, Individuals engaged in business / professionals and self-employed persons.
How much are you entitled to
Minimum Loan Amount Rs. 5 Lakh and Maximum Rs. 500 Lakh
Repayment
Repayment for Term Loan is Maximum 120 Months
Security
Mortgage (Registered/Equitable Mortgage) of Immovable Property free from all encumbrances.
Margin
Not exceeding 70% of the Market Value of the immoveable property offered as security as per the Valuation report by the Bank’s Approved Valuer.