All personal needs and not for speculative, real estate/capital market activities or any activity prohibited by law.
OD facility against mortgage of immovable property already mortgaged in the Housing loan facility sanctioned to the applicant, located in Metro /Urban / Semi Urban & Rural Centres, where HL account has always been Standard Asset.
Individuals, singly or jointly who have HL accounts with us. NRI jointly with relative/s as defined in loan policy. The Relative should be Resident citizen of India.
Nature of Facility:
Quantum Of Loan:
Minimum Rs. 2 lakh & Maximum Rs.500 lakh
The property mortgaged in Housing loan is to be taken as primary security with extension of charge to cover the new facility also.
Rate Of Interest:
MCLR (12 m) + I %
0.5% of loan amount at the time of first sanction, Maximum Rs.10,000.00