The interest rate is calculated on
an annual reducing basis.
Loans against commercial property
shall be offered only to doctors.
Processing fee of 0.5% of the loan
amount payable at the time of application.
Administrative fee of 0.5% of the
loan amount payable at the time of first disbursement.
If a part prepayment is followed by
foreclosure in the same year, then a fee of 2% is levied.
Out of pocket stamp duty charges
shall be payable by the customer as applicable. We are required to execute a Memorandum of
Entry with the applicable stamp duty. The cost of stamp duty in states, where it is
applicable, will be borne by the customer.
