Key Features -
High loan eligibility for businessmen
Loans amounts ranging from Rs.10 lakh - Rs.3 crore!
Loans against residential as well as commercial properties
Eligibility
For self-employed professionals:
Minimum annual income should be Rs.1.44 lakh as per the P&L.
Minimum gross annual income should be Rs.1.44 lakh.
Minimum 21 years of age.
Maximum 65 years of age at the time of loan maturity.
Firm/company should have been in operation for the last 3 years.
Firm/company should be making cash profits for the last two years.
For self-employed non-professionals:
Minimum annual income should be Rs.1.44 lakh as per the P&L.
Minimum 21 years of age.
Maximum 65 years of age at the time of loan maturity.
Firm/company should have been in operation for the last 3 years.
Firm/company should be making cash profits for the last two years.
Banks | Interest Rates | Processing fees |
HDFC |
9.50% to 10.50% | Maximum of 1% of loan amount |
SBI |
10.35% - 11.05% | Flat Rs. 10,000/- plus applicable GST |
ICICI Bank |
9.75% - 10.90% | 1.00 % + AT* |
Axis Bank |
9.90% - 10.35% | 1% or Rs 10,000 (whichever is higher) |
Source: Kotak Mahindra Website |
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