Corporate / Project Loans

Company Will Help You For Providing This Type Of Services:-
Corporate / Project Loans:


1. Staff Quarters

  • Purpose : Construction/purchase of Staff Quarters.
  • Applicant : Reputed Listed Public Limited or PSUs.
  • Repayment Mode : Equated Monthly
  • Security : Equitable Mortgage and any other security.
  • Rate of Interest : Quoted on Application.


    2. Line of Credit "To" Scheme

    For the organizations having Housing Finance schemes for their employees, company help for providing loans under Line of Credit scheme. The scheme is to make available Line of Credit to the Borrower Organization to fund its Housing Finance scheme for employees
  • Mode of Advance : On the basis of periodical statement of housing loansanctioned to its employees. The Borrower company shall disburse the loan to its employee within 15 days of availing disbursement from company.
  • Security for the Loan :
      1) Deed of Guarantee by the Beneficiary employee to the extent of the loan advanced to him by the employer company
        2) Equitable Mortgage of the individual units financed under the LOC in the form of Deposit of title deeds to be submitted to the borrower company.


      Repayment of the Loan : Loan repayment will be made directly by the Borrowing Company.

      3. Line of Credit "Through" Scheme

      For an Organization where direct HBA facility is not available, the Line of Credit - "Through" scheme will help the organization fulfill the needs of their employees for availing the housing loan. Under this scheme, company will make available funds to their employees, as recommended by Company to enable employee-beneficiaries ? (borrowers) to avail loan


      Mode of Advance :
      Linked to the construction


      Security for the loan :
      1) Security of the mortgaged property financed

      2) Borrowers will have to execute mortgage of their properties in favor of company.

      3) Employee borrower will have to execute a Loan Agreement which will have to be countersigned by the employer guaranteeing the repayment

      4) Guarantee from the employer for repayment of entire loan with interest and other dues, if any.

      Repayment of Loan : Through salary deduction