Other Advance Facilities

Other Advance Facilities

Scheme For Financing Rural Housing - Deccan Gram Niwas

Purpose	To provide housing loans to farmers and other rural dwellers
Eligibility	All individuals (farmers, entrepreneurs, traders, businessmen, employees etc.) having satisfactorily conducted deposit accounts for two years or whose existing loan account is satisfactorily conducted.
Loan Amount	The maximum loan amount will be 5 times the average annual income subject to a maximum of Rs.15.00 lacs.
Security	Primary: Equitable / Registered Mortgage of the house / plot or any other tangible security including agricultural land to cover 150% of loan amount.
Rate of Interest	11.5% per annum at monthly rests
Repayment	Repayable in 15 years in equated monthly/quarterly/half yearly/yearly installments.
Margin	10% of the project cost
Processing Fees	0.50% with a cap of Rs. 10000/-

Mortgage Loan Scheme To “per” Segment

Purpose	General Purpose
Eligibility	Individuals below 60 years of age, who are: Employees Professionals / Self-employed / Persons engaged in Trade, Manufacturing & services Sector / others who are Income Tax assesses Persons engaged in agricultural and allied activities
Income Criteria	Employees: Minimum net monthly income - Rs.8000/- Others: Minimum net yearly income - Rs.1.00 lakh
Loan Amount	Minimum Rs. 1.00 lac and Maximum Rs. 25 lakhs
Assessment of Limits	36 Times of net monthly income of salaried persons / 3 times of net annual income for others (i.e. Income as per latest income tax return filed less tax payable) or 50% realizable value whichever is less subject to a maximum of Rs . 25.00 lakhs
Security	Primary: Equitable Mortgage of un-encumbered residential / flat, Non- Agricultural Urban landed property , Commercial or Industrial property standing in the name of the borrower worth minimum 200% of loan
Margin	50% of the realisable value (which ever is less) of the property
Rate of interest	12 .50% per annum at monthly rests
Repayment	In 84 equated monthly Installments.
Processing Fee	1.10% of the limit sanctioned

Mortgage Loan Scheme To Trade Segment

Purpose	To provide hassle free working capital finance/term loans to borrowers in trade & service sector who are willing to furnish mortgage of property of adequate value
Quantum of Loan	Minimum –Rs.1.00 lac / Maximum Rs.50.00 lacs
Category of borrowers considered	Retail Traders, / Wholesale traders / Professionals and Self Employed / Small Business enterprises / Manufacturers / Commission agents engaged in trade, manufacturing and services sector
Assessment of limits	For new as well as existing customers as under: 15% of the projected annual turnover for traders (projected turnover not to exceed 125% of the immediately preceding year’s actual turnover) One year annual income for Professionals & Self Employed Limits up to 50% of distress value of collateral security (approved by valuer)
Security	Primary: Equitable Mortgage of un-encumbered residential / flat, Non- Agricultural Urban landed property , Commercial or Industrial property standing in the name of the borrower worth minimum 200% of loan
Margin	Minimum 50% of distress sale value of immovable property.
Processing Fee	1.10% of the limit sanctioned
Rate of Interest	12 .50% per annum at monthly rests.

Housing Loan Scheme to NRIs/PIOs

Purpose	For purchase of new flat/house or construct a house/ existing house/existing flat/ extension of existing house/ repairs/renovation
Eligibility criteria	NRIs who are Indian Passport holders and Persons of Indian Origin (PIOs) holding a foreign passport . POIs means a citizen of any country other than Bangladesh, Pakistan, Afghanistan, Bhutan, Sri Lanka or Nepal and Minimum experience: Has been employed abroad for at least 1 year and presently holding a valid job contract /work permit with regular and verifiable income. Age: Over 21 years and upto Maximum age of 55 years
Loan amount	At Urban centre Maximum Rs. - 50.00 lacs Semi-Urban centre Maximum - Rs. 25.00 lacs Rural centre Maximum - Rs.15.00 lacs Repayment period Maximum 20 years. Aggregate repayment obligation should not exceed 50% of NMI/NAI. However, repayment in the above case can be considered to the maximum period i.e., 20 years.Further aggregate repayment obligation should not exceed 50% of NMI/NAI. Income level Minimum Net Income - Rs. 15,000/- Minimum Net annual Income(NAI) - Rs. 1,80,000/-
Margin	15% to 30% of total project cost
Security	Registered/Equitable mortgage by deposit of title deeds should be created.
Rate of Interest	Housing loans Loans upto Rs. 30.00 lacs –11.50% p.a. Loans above Rs. 30.00 lacs.-12.00% p.a.
Processing Fees	0.50% with a cap of Rs.10000/-

Scheme For Granting Loan Against Assignment of Future Rentals

Name of the Scheme	Deccan Rent Plus
Purpose	To meet liquidity mis-match of the applicants.
Eligible Customer	Owners of Residential buildings and Commercial properties which are to be rented or already rented to MNCs /Banks /Large and Medium size Corporates.
Quantumof Finance	Minimum Rs.50,000/- Maximum Rs. 25.00 lakhs. The loan should be restricted to 75 times of the net monthly rentals receivable or rentals for the residual lease period, whichever is less.
Margin	25%.
Rate of interest	15% p.a.(to be charged at monthly intervals)
Collateral Security	Equitable mortgage (and Registration of memorandum of deposit of title deeds with concerned SRO) of buildings against the rentals of which the loan would be sanctioned (value of the property should be double the amount of the loan).
Processing Fee:	1.10% of loan amount

Dairy And Poultry Venture Capital Funds – Dairy Entrepreneurship Development Scheme (DEDS)

Objectives of the scheme

To promote setting up of modern dairy farms for production of clean milk and to generate self-employment.

Eligibility

Farmers, individual entrepreneurs, dairy cooperative societies, milk unions and dairy co-op societies milk federations etc.

Subsidy

25% to 33.33% of outlay for the following components.

Component	Unit Cost
Dairy Animals with unit size of 2 to 10 animals	Maximum Rs.5.00 lacs
Rearing of heifer calves – cross bred, indigenous descript milch breeds of cattle and of graded buffaloes-upto 20 calves.	Rs. 4.80 lakh for 20 calf unit-minimum unit size of 5 calves with an upper limit of 20 calves
Vericompost (with milch animal unit. To be considered with milch anilmals and not separately)	Rs. 20,000/-
Purchase of milking machines / milkotesters/bulk milk cooling units (upto 2000 lit capacity)	Rs. 18 lakh
Purchase of dairy processing equipment for manufacture of indigenous milk products	Rs, 12 lakh
Establishment of dairy product transportation facilities and cold chain	Rs. 24 lakh
Cold storage facilities for milk and milk products	Rs. 30 lakh
Establishment of private veterinary clinics	Rs. 2.40 lakh for mobile clinic and Rs. 1.80 lakh for stationary clinic
Dairy marketing outlet / Dairy parlour	Rs. 56,000/-

Repayment

Repayment Period will depend on the nature of activity and cash flow and will vary between 3-7 years.

Rate of Interest

upto Rs.2.00 lacs - 14%
Upto Rs.2.00 to 5.00 lacs – 14.5%

Security

Loan up to Rs.50000/-
- Hypothecation of asset
Loan above Rs.50000/-
- Hypothecation of asset
- Mortgage of farm land

Processing Fee

1.10% of loan amount.