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  ABHYUDAYA CO-OPERATIVE BANK LTD.
  MULTI STATE SCHEDULED BANK
   

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Monday, 26-Jun-2017  02:15:33 AM
 
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Secured Overdraft against Immovable property(SOD IMP)
 
 
Scheme restricted to our Branches outside Mumbai, Navi Mumbai & Thane Dist.
PURPOSE The amount can be used for any productive purpose but shall not be used for purposes prohibited by law.
MAX. AMOUNT
(a) Rs. 10.00 Lakh:- To individuals, self employed persons & professionals.
(b) Rs. 25.00 Lakh:- To business persons.
ELIGIBILITY 50% of market value of the property.

Or

Based on Applicants ability to repay SOD amount in 60EMI.
TENURE 36 months, subject to review every year.
RATE OF INTEREST Click Here
MARGIN 50%
MEMBERSHIP Regular membership for both applicant & Sureties.
SURETIES One surety of good means.
SECURITY Mortgage & Insurance of immovable property.
In case of SOD for business use, Stock & Book Debt will also be treated as securities.
SERVICE CHARGES 1..30% of sanctioned amount
Note : Bank reserves the right to offer this product subject to exposure available under Real Estate. 
 
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