For taking over of housing loans from other finance companies / financial institutions/ Banks
Loans for purchase of flats under construction can also be considered.
To provide Home Loans to Corporate Entities (Public & Pvt Ltd Companies, Partnership Firms including LLPs) for construction/ acquisition of Residential Units in the name of the Company for use by their Directors/ Promoters and their Employees.
Land purchase is not eligible in this product, hence only construction on own land is permitted.
All the partnership firms, Private Limited and Limited companies having satisfactory track record of atleast three years with us.
The firm/ company must be profit earning unit in the last three years and should not have accumulated losses in the last three years.
Existing loan account of the Company, if any, should be regular and standard and also should not have been restructured during the last three years.
SPV/ Subsidiary of Corporate Entities will also be eligible for availing loan under this Scheme provided.
Only External Risk Rating (ECR) to be conducted and ‘A’ rated and above corporates with three years satisfactory dealings with us are eligible under the scheme.