Andhra bank

AB PROFESSIONAL LOAN Professionals occupy a premier place in service sector which is contributing a major share in GDP. To fau introduces a special scheme named AB PROFESSIONAL LOAN from 30.01.2012. The salient features of the scheme are as under:

ELIGIBLE BORROWERS Practising Chartered Accountants, Architects, Engineers, Valuers, Management/ Financial Consultants, C a. Constitution: Individuals, Firms, Limited Liability firms, Companies or Societies engaged in render b. Should be an assessee under Income Tax atleast for the last two years. c. Should be a registered member with their respective professional Association/ Board/ Body.

PURPOSE OF LOAN To establish/ renovate the office premises, Furnishing of office premises, Purchase of Tools, Equipments professionals, working capital for carrying out day to day operations. NATURE OF FACILITY Term Loan, Overdraft or a combination of both depending upon the purpose of credit. AMOUNT OF LOAN Maximum amount of finance under the scheme is Rs.10 lac. SECURITY Personal security of the borrower and Hypothecation of the article purchased with Bank finance

Collateral security a. Hypothecation of existing movable assets and asset/s purchased out of loan and other current ass b. To be covered under CGTMSE compulsorily c. Post dated cheques for initial 18 months.

ASSESSMENT OF LOAN AMOUNT a. Term Loan: 75% of the cost of asset purchased. b. Working Capital limit: 75% of the revenue expenditure of the previous year as per Profit and Loss c. Total exposure within 2 times of average annual income of preceding two years.

RATE OF INTEREST Base Rate + 3.25%=14% presently PROCESSING/UPFRONT CHARGES

0.50% of the loan amount. OTHER CHARGES CGTMSE premium to be borne by borrower.

REPAYMENT TERM Maximum 60 monthly instalments with a maximum repayment holiday of 1 year for principal and intere COD - 1 year eligible for renewal subsequently.

ADDITIONAL FACILITIES 50% concession in remittance charges in remittances not exceeding Rs. 1 lakh each for three times in a m

CORP BANK
Purpose v To finance acquisition of office premises for self-occupation by the Registered Medical Practitioners, practicing Advocates, Chartered Accountants, Company Secretaries, consulting Engineers and Architects. v For purchase of ready built office premises/ premises under construction in commercial complexes/ independent building, construction of office premises in the land already owned. OR purchase of site and construction of office premises thereon. v Where loan is for purchase of site and construction of office premises, value of the land not to exceed 50% of the project cost. v Loan for purchase of office furniture & fixture, solar water/ electricity systems also considered for use at the office premises acquired under the Scheme. v Maximum age of the ready built property - 20 years. 2. Eligibility v Professionals, individually/ jointly or as a Partnership firm/ Company, having an established practice with a minimum experience of three years, in the age group of 25 to 65 years. v The applicant should be an Income Tax assessee with Minimum NET annual income of Rs. 1,50,000/v The applicant not having any outstanding statutory dues. v Spouse having regular/independent income also can join as co applicant to supplement repayment capacity. v Businessmen not eligible for finance under this Scheme. 3. Nature of facility Loan in the form of Term Loan. 4. Quantum of Loan Upto Rs. 100 lakh in Metro & Port-town, Rs. 50 lakh in Urban, Rs. 25 lakh in Semi-urban and Rs. 5 lakh in Rural places. Loan amount as above is based on the location of the property and not category of the Branch.

5. Margin v Uniform margin of 35% on cost of construction/purchase consideration [the agreement value inclusive of stamp duty/ registration, etc..] v 40 % for furniture and fixtures etc.. v Where loan is for purchase of site and construction of office premises, value of the land not to exceed 50% of the project cost. . Rate of Interest: 12.00% p.a. with effect from 04.05.2009.

Security Fully secured by Equitable Mortgage of Office Premises. Also, hypothecation of furniture & fixtures financed. 8. Guarantee Third party guarantee not mandatory. 9. Repayment

v The loan is repayable in EMI , in maximum period of 10 years, including initial moratorium of upto 12 months. v Repayment capacity is based on DSCR, irrespective of loan amount.

HDFC BANK HDFC offers loans exclusively for professionals such as doctors, chartered accountants, lawyers and other self-employed professionals for construction, purchase, extension or renovation of their office or clinic. Features Purpose Purchase, Construction, Improvement of Office, Clinic Eligible Doctors Chartered Accountants Lawyers Other self-employed professional Maximum loan 80% of the cost of the property. This is however subject to valuation of the property as assessed by HDFC. Maximum Term For non residential premises, maximum term is 15 years and NRP improvement remains 5 years. Adjustable and Fixed Rate Home Loans Applicant and Co - Applicant to the loan Loans can be applied for either individually or jointly. Proposed owners of the property will have to be co-applicants. However, the co-applicants need not be co-owners. Adjustable Rate Home Loan Loan under Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). The rate on your loan will be revised every three months from the date of first disbursement, if there is a change in RPLR, the interest rate on your loan may change. However, the EMI on the loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases. * Conditions Apply Fixed Rate Interest Rate Wef : 1st Aug 2011 Applicable Rates (Monthly Rest Basis) RPLR: 16.50% Fixed Rates% Variable rate% Basis%

Upto Rs. 1 cr

14.00

13.25

RPLR - 3.25% RPLR - 3.50%

Rs. 1.01 cr and above 14.00 13.00 The above rates are subject to change without notice.