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My Own Shop
EligibilityIndividuals, Professionals and Self employed people, firms (registered partnership firms, companies) and businessmen. The applicant should have been in the activity for a minimum period of 3 years
Amount of LoanMaximum loan Rs.50.00 lacs
Margin25% on the cost of property
Interest RatesPlease see the interest rate link on the home page
RepaymentMaximum 120 months including moratorium period
Security* EM on commercial property to be acquired
* Personal guarantee of partners / directors in individual capacity
* Security to include third party guarantee having NW not less than loan amount in case of individual borrowers, in cases where margin available is 25%. In case margin is maintained at minimum 40%, third party guarantee not to be insisted. Eligible accounts to be covered under CGTMSE scheme and no third party guarantee to be taken for such accounts.
* No collateral / third party guarantee to be taken for loans upto Rs.10 lac to MSME borrowers and accounts to be covered under CGS of CGTMSE
Salient FeaturesTo purchase new commercial space / shop and also second hand purchase provided the residual life of commercial space is not less than actual repayment period plus 2 years, and / or fresh construction, renovation of the business premises.
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