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MSME > Property Power

Loan SME’s Against Commercial and Residential Properties – IDBI Bank Property Power



The Product aims to cater to the needs of MSME segment by way of providing loan against commercial and residential properties owned by them. The end use of the loan would be for various business related purposes or to take care of any financial requirements viz., retiring of high cost debt, balance transfer/ takeover or any other business exigencies.

Features of IDBI Bank’s ‘Property Power’ product are as below:

Sr. No.

Field

Content

1

Eligible Segments

  • Bullet Proprietorship, partnership, public and private limited companies engaged in the business for the last 3 years

2

Facility

  • Bullet Term Loan/ Overdraft limit to fund business needs (excluding for speculative purposes)

3

Loan Amount

  • Bullet Minimum: Rs. 5 lakh
  • Bullet Maximum: Rs. 500 lakh

4

Tenor

  • Bullet Term Loan: Max 7 years
  • Bullet OD: Max 12 months

5

Pricing

Linked to Bank Base Rate and Rating

6

Security

  • Bullet Equitable Mortgage or Registered Mortgage of Residential / Commercial property

7

Guarantee

Personal guarantee of the borrower

8

Processing Charges

Upto 1 %



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