KBL MORTGAGE OD (For meeting business/ professional/Working capital needs).
- The OD facility will be offered to customers/units eligible to be classified under Priority Sector (MSE) only.
- 12 months.
- Mortgage of properties [Residential/ Commercial].
- Guarantee of a suitable third party/family member, acceptable to the Bank.
- As per OD Rules
- In case of residential/commercial properties:67%
- In case of already mortgaged properties, the surplus value over 110% of the existing liability against that property should be adequate for the limit sought keeping prescribed margin.
- As per EBLR guidelines prevailing.
Purpose:
- For meeting business/ professional/Working capital needs.
Amount of Finance:
- Three times of the average annual income of last two years. OR 50% of the market value of the property
The above information is subject to terms and conditions.For more details, please contact the nearest Branch
