• Other Loans
  • Professionals Practice
Loans to Professionals for office for their Professional Practice
Loans to Professional
Purpose : Purchase/ Extension/ Modification / Renovation of Commercial Premises for carrying on own Professional Practice & Purchase of Equipments.
Eligibility : Resident Indian Professionals. Loans can also be Sanctioned to Company or Partnership firm of such Professional.
Loan Term : 10 Years.
Repayment Mode : Equated Monthly Installments (EMI) - Monthly Rest..
Security : 1. Equitable/ Registered Mortgage of the Premise for which the Loan is raised.
2. Demand Promissory Note.
3. Personal Guarantee of Directors / Partners, as Applicable.
4. In case of Companies, Registration of Charges in R.O.C.
Addl. Security : Hypothecation of Equipment, if financed
Rate Of Interest : Contact nearest Area Office for details on the Interest rate
Designed and Developed by LIC HFL