8861186800 [email protected]

Mortgage Loan

Purpose:
  • For house repair: estimation for house repair
  • Business purpose: Business development  /site purchase
Eligibility
  • Salaried employees/ Professionals/ Self-employed
  • Loans can be applied by Individuals either solely or jointly
  • Total deduction including deductions of LAP (installment & interest) to be meet from firm/company’s net cash accruals
  • Repayment Period
  • Upto 15 years (years at the discretion of the bank)
Security
  • Mortgage of the property. The property to be mortgaged should be in the name of the applicant or his/her spouse or close relative as per Section 6 of the Companies Act 1956 or persons representing relationship such as Firm / Proprietor, Partnership / Partners, Company / Directors. The person / entity in whose name the property to be mortgaged to either co-borrower or guarantor.
  • Two Surety required.
DOCUMENTS REQUIRED:
  • Udyam registration Copy Licence copy /Licence copy Gst registration

 

Processing fees
  • 1% service charges on Loan A/c +18% GST
Share holding
  • 2.5% of loan amount

Interview Schedule Notification

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