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Mortgage Loan

Mortgage your needs for a happier future

Features & Benefits

  • Interest charged on daily reducing basis
  • Attractive interest rate
  • Simplified documentation
  • Easy repayment options- ECS / Post-dated cheque / Standing Instruction
  • Speedy loan approval

Purpose

  • House repairs, higher education, travelling expenses, expenses for marriage, thread ceremony, medical,repayment of old debts, business purpose etc.

Eligibility

  • Repayment justification on existing income of the applicants.

Quantum of loan

  • Maximum Rs.300.00 lacs.
  • 60% of valuation of the flat or applied amount whichever is lower.

Rate of Interest : 9.50% p.a.

Documentation

Basic documents as per housing loan scheme.

  • House Repairs- Estimate of repairs and renovation.
  • Business- Audited statement of accounts & tax returns - 3 years with purpose.
  • Medical- Medical bills.
  • Ceremony- Invitation Card and estimate of expenditure.
  • Pay off old debts- Acknowledgement of debt.
  • Education- Proof of admission, estimate of course fee & other expenses, mark sheet & certificate of educational qualification etc.
  • Travelling- Copy of tickets, estimate of lodging & boarding etc.
  • All other documents pertaining to immovable security as mentioned in housing loan scheme

Security

  • Equitable / Registered mortgage of the property

Repayment

  • Upto 10 Years
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