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Home >> Loan >> Retail Schemes >> Loan Against Property >> Oriental Business Loan Scheme
Oriental Business Loan Scheme




To provide hassle free credit to meet working capital requirements / augment long-term margin /financing of fixed assets related to business activity or for expansion of business to Traders, Micro, Small and Medium   Enterprises (Manufacturing and Service),Contractors /Commission agents, and Authorized service centre /Service Sector viz. hotels, guest houses etc.

Type of facility

a)    Overdraft limit for working capital purpose.

b)    Term Loan/Demand Loan to acquire fixed assets for general business purposes.

c)    Non fund based limit for above a) & b) purposes.



1.    Proprietorship, Partnership firms, Private / Public Ltd. Cos., engaged in business activity Business in their line of business minimum for 1 year and having satisfactory dealings.

2.    Business units established by close relatives (viz. spouse, parent, brother, sister, son, daughter) of existing customers with satisfactory dealings, even if these are established for less than 1 year.

3.    Business Unit should comply with applicable statutory requirements, such as State/Central Sales Tax Registration Certificate, License under Shops & Commercial Establishment Act, Registration with Excise Department, trade license etc.


Note: The cash generation and repaying capacity of above said business establishment shall be the primary criteria for considering term loan under the scheme.

Primary Security


Mortgage (Registered or Equitable) of immoveable property(s)/ factory land and building and / or any other property (Land & Building) standing in the name of individual/joint owners/ promoters, viz. Proprietor/ Partners/Directors/close relatives, ( viz. spouse, parent, brother, sister, son, daughter) who will also stand as Guarantors.


Note: The loan against agriculture land/plot of land (plot only in isolation)/ partially constructed property shall not be granted.

Loan Limit

Maximum loan upto Rs. 500.00 Lacs

Assessment of Limit


1. Working Capital Finance: 50% of the realizable value of the property   Or 20% of the estimated annual sales/income, Wherever the financial statement are available. However, if the party is not maintaining proper financial statement, such as Commission Agents etc. then 4 times of annual income (subject to cash flow/repaying capacity) ,Whichever is less

2. Term loan: 50% of the realizable value of the property Or  75% of the assets to be created out of term loan. Whichever is less.

Working capital finance and term loan together should not exceed 50% of the realizable value of the property taken as collateral security.

Rate of Interest (floating)

Click here to view Rate of Interest.

Penal interest - 2% over and above normal rate of interest will be charged on irregular portion / amount and for the period of irregularity due to any reason.

Processing Charges

Click here to view Process Fee.

Period of Loan      

a) Overdraft:                                        12 months subject to annual review.

b) Term Loan/Demand Loan:           Maximum upto 84 months including moratorium period of maximum 3 months (depending on repayment capacity - Repayable on EMI basis).

Prepayment Penalty



* For further details please contact the nearby branch or call at  1800-180-1235 & 0124-2340940