Personal BankingLoansProperty loanOverdraft Against Property – For Individuals

       OVERDRAFT AGAINST PROPERTY - ODAP – FOR INDIVIDUALS                       

Purpose
  • To meet the emergency Personal/Family needs of the Resident
  • Individual.
  • To meet the emergency family needs of NRIs.
Target
Customers
  • Salaried Individuals
  • Business Class
  • Agriculturist
  • Pensioners
Age
Minimum
21Years
Maximum
70 Years
Amount
Minimum
Rs 3.00 lacs
Maximum
Rs 100.00 lacs
Tenure
       Limit validity for three years
Margin
       From 40%-60%
Interest rate
       Attractive interest rate from MCLR (1 Year)+ 2.00%
Eligibility
       Minimum Bureau Score of 500 for applicant/ Co-applicant
Features
  • Wide range of properties accepted (Semi urban/Urban/Rural/Panchayat/Municipality/Corporation).
  • Special attractive interest rates and Processing Fees for Government employees
  • Limit validity for 3 years, no hassles and headaches of yearly renewals.
  • Wide range of properties accepted
Processing fees
      Processing Fees of up to 1%
Pre closure charges
  • 2% on the sanctioned limit to be collected compulsorily if closed out of own funds within 2 year of fresh sanction/renewal.
  • In case of takeover, 3% of sanctioned limit to be collected as pre-closure charges

Documents required

Salaried Class
Business Class
Pensioners
KYC Docs (PAN Card and Aadhar Card and Photographs)
KYC Docs (PAN Card and Aadhar Card and Photographs)
KYC Docs (PAN Card and Aadhar Card and Photographs)
ITR for the two years with computation sheet
ITR for the two years with computation sheet
ITR for the two years with computation sheet
Salary Slip/Pension Statements for 3 months deed etc to be taken
Recent financials
Salary Slip/Pension Statements for 3 months
Account Statement for 6 months
Account Statement for 6 months.
Account Statement for 6 months
 
Financials of the firm
 
Title deeds, Possession Certificate, Tax Paid Receipts
Proof of agricultural land holdings, ITR if any. Assessment will be based on analysis of agriculture profile