National Toll Free No1800 425 00 000
 
National Toll Free No1800 425 00 000

My Own Shop

My Own Shop

Eligibility

  • Individuals, Professionals and Self employed people, firms (registered partnership firms, companies) and businessmen. The applicant should have been in the activity for a minimum period of 3 years

Amount of Loan

  • Maximum loan Rs.50.00 lacs

Margin

  • 25% on the cost of property

Interest Rates

  • Please see the interest rate link on the home page

Repayment

  • Maximum 120 months including moratorium period

Security

  • EM on commercial property to be acquired
  • Personal guarantee of partners / directors in individual capacity
  • Security to include third party guarantee having NW not less than loan amount in case of individual borrowers, in cases where margin available is 25%. In case margin is maintained at minimum 40%, third party guarantee not to be insisted. Eligible accounts to be covered under CGTMSE scheme and no third party guarantee to be taken for such accounts.
  • No collateral / third party guarantee to be taken for loans upto Rs.10 lac to MSME borrowers and accounts to be covered under CGS of CGTMSE

Salient Features

  • To purchase new commercial space / shop and also second hand purchase provided the residual life of commercial space is not less than actual repayment period plus 2 years, and / or fresh construction, renovation of the business premises.