www.mizoramruralbank.in

CONTRACTOR LOAN

PURPOSE

Loan to contractor for construction

Related needs as running CC limit against mortgage of residential /commercial property

ELIGIBILITY

  • Age:21 to 65 yrs
  • Individual /Proprietorship/ Partnership Firm
  • Having valid Registration Certificate
  • Receiving Work Order regularly for the last 3 years
  • Sound financial position

LOAN AMOUNT

  • Min- ₹ 10,00,000 /- Max. ₹ 5,00,00,000
  • 65% of realizable value of property OR
  • 25% of total Work Order value whichever is less

MARGIN

  • 35% of the current realizable value of the property

INTEREST RATE

  • As Prescribed by the Bank, Interest will be applied on monthly compounding basis
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Largest Branch Network in
Mizoram.
Mizoram Rural Bank
Head Office : MINECO,Khatla
Aizawl - 796001
Mizoram
Nodal Officer for Customer Grievance Redressal
© Copyright 2021 Mizoram Rural Bank. All Rights Reserved.

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