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What does AMF stand for?

April 26, 2017amf stand

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What does AMF stand for?

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• What kind of financing facility does the Bank provide under AMF? AMF is a long term finance facility offered to the customers for the following purposes • AMF-1: Acquisition of rented commercial/ industrial property by present tenant. AMF-2: Construction on owned and possessed commercial/ industrial premises/ plot. AMF-3: Purchase of constructed commercial/ industrial property/Land. AMF-4: Renovation of owned and possessed commercial / industrial property. Please note that all the four facilities shall be provided solely to help SMEs improve and build business infra structure. AMF shall not be provided for personal asset building or for purchase or renovation / construction for onward sale or rent purpose. The property shall be in the name of the borrower • How is it different from similar products offered by other commercial banks?