Are you a business owner in need of financial support to take your enterprise to new heights? Uttar Bihar Gramin Bank has the solution you’ve been searching for with our Mortgage Loan (Business). Let’s explore how we can help you achieve your business goals.
Table of Contents
Loan Purpose
Our Mortgage Loan (Business) is exclusively designed to fulfill your business needs. Whether you’re looking to expand, invest in equipment, boost working capital, or any other business requirement, we’ve got you covered.
Eligibility
To be eligible for this loan, you should be between 21 years and a maximum of 75 years, ensuring that entrepreneurs at various stages of their careers can access the financing they need.
Loan Amount
With Uttar Bihar Gramin Bank, you can secure financing ranging from Rs. 2.00 Lakh to an impressive Rs. 500 Lakh. The loan amount is determined based on your income and the location of your property, whether it’s in a rural, semi-urban, or urban area.
Nature of Facility
We offer a Term Loan to cater to your business’s unique financial requirements.
Repayment Terms
We offer a maximum repayment period of 120 months, providing you with flexibility in managing your finances and repaying the loan on your terms.
Security
To secure your Mortgage Loan (Business), we require the mortgage of your property.
Prepayment
Should you wish to prepay your loan, rest assured that Uttar Bihar Gramin Bank does not impose any prepayment charges, giving you full control over your financial strategy.
Interest Rate Details
- Mortgage (Business) (Term Loan): 10.50% – 11.00% (Based on Tenure Premium)
- Mortgage (Business) (Overdraft): 10.50%
With Uttar Bihar Gramin Bank’s Mortgage Loan (Business), you gain access to vital financial support and a partner committed to helping you realize your business ambitions. Our casual and customer-friendly approach ensures that you can discuss your unique business needs with us, and we’ll tailor a solution that best fits your requirements.