| 21st October 2016 02:51 PM | |
| shikha | Re: Central Bank of India Overdraft Facility Yes , Term Loan and overdraft facility available in Mortgage Loan scheme of Central Bank of India. Corporate Mortgage Loan scheme Eligibility: Age : 21 years to 65 years Maximum 60 years for salaried class. Minimum Gross Annual Income for Individual borrowers Rs. 2, 00, 000/- Quantum of finance Individual/ Jointly (Priority/ Non Priority) For salaried persons: 36 times of gross monthly income of applicant For other than salaried persons: 3 times of gross annual income as per latest IT returns. Maximum Rs.50.00 lakh for property located in rural area Maximum Rs.200.00 lakh for property located in other areas. For Companies, Proprietorship/ Partnership Firms, Societies In case of Firms/ Companies, five times average annual cash accrual (PAT+Depreceiation) as audited Financial Statements of last three years. Maximum Rs.50.00 lakh for property located in rural area Maximum Rs. 500.00 lakh for property located in other areas. Rate of Interest MCLR + 3.50 % irrespective of TL/OD/Tenor |
| 21st October 2016 01:19 PM | |
| Unregistered | Central Bank of India Overdraft Facility Is overdraft facility available in Mortgage Loan scheme of Central Bank of India ? Give detail for Mortgage Loan scheme of bank ? |
