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Commercial Mortgage Equity Line Of Credit (CMELC)

To meet temporary expense commitment with use of a line of credit secured by a commercial property.

Features

  • Obligor Exposure : Based on affordability (No single obligor shall access more than 70% of FSV of collateral)

  • Interest rate: 25% P.A

  • Tenure : 90/180 Days

  • Security/Collateral : Commercial Mortgage collateral like shops, business offices where FSV > Value of loan + 1 year interest pyt

  • Repayment Structure : Monthly repayment of interest and bullet repayment of principal at maturity