Unique features available on Business Finance:

• Loan amount from Rs. 500,000 to Rs. 10,000,000 with annual line renewal
• Loan to value maximum of up to 60 % of the property value
• Minimum Net Income as low as Rs. 40,000 per month
• To avail higher loan amount SCB Home Loans offers you the option of clubbing the income of your spouse and blood relatives
• Minimum age of the primary borrower should be >=25 years. Incase of co-borrower the secondary borrower should be either >=21 if income is being clubbed or >= 18 if income is not being clubbed

• Maximum age should be <=65 or retirement age at the time of maturity of the loan
• Financing of property with value as low as Rs. 1,000,000
• Life and Property Insurance from the best companies and at the lowest insurance rates to safeguard your interests
• Processing fee is Rs. 5,000 for Self-employed / businessmen
• Appraisal, Legal and Renewal fees is Rs. 4000, Rs. 4000 and Rs. 5000 (or 0.125 % of line amount, whichever is higher) respectively
• SCB provides you with the opportunity of repayment through; monthly installments or interest payments on monthly basis with principal repayable on demand

• Completed application form
• NIC copy
• 1 recent picture
• Property documents for which loan is required
• Proof of business for Self-employed
• Last 6-months bank statement for Self-employed
• 3 undated Cheques

• Processing, Legal &amp; Appraisal charges
• Profit & Loss Statement and Balance sheet for partnership and Pvt Ltd.
• Bank statement for proprietorship concern
• Last 2 years tax return is mandatory
• Spouse consent
• Detailed call memo containing customer’s business activities

Q. What is Business Finance?

It is a revolving / installment facility against owner-occupied, residential property and is renewed on a yearly basis. This facility is extended for purchase of business assets, working capital financing and business expansion needs.

Q. Can a salaried person avail this product?

No! This product is designed purely for business requirements.

Q. What security and collateral does SCB require?

Original documents of owner-occupied, residential property.

Q. Do I have to pay interest on the limit?

No! Though limit is assigned to each customer but the interest is charged on the utilisation.

Q. Is insurance necessary?

Yes, Life and Property insurance is compulsory.

Q. What does the appraiser do?

The appraisal firm assesses and evaluates the true and correct value of the property.

Q. What is the lawyer's job?

The lawyer’s job is to ensure that all legal documentation pertaining to the property is in place and it is free from all encumbrances. Hence, it ensures that there are no issues with the property being purchased by you.

Q. Why should I choose SCB Mortgages over some other bank's mortgage facility?

Some of the reasons are:

• Highest LTV in the market
• Longest tenor
• Attractive rate and widest pricing options
• Clubbing of family income
• Superior quality Service
• Greatest value for the customer
• Fastest turnaround time