Mortgage Term Loan

Loans for various purposes for justifiable reason against immovable property.

Loans for various purposes for justifiable reason against immovable property.

* "Conditions Apply. Loan at sole discretion of the Bank." SMS 'LOANS' to 70659 66665

Repayment Tenure: Maximum 108 Months
Margin : Max. 50% of Residual Value of the property to be Mortgage.
Maximum Loan Amount Limit : Rs.5.00 Crores

Eligibility :

Salaried Persons:- With minimum 2 years of past permanent/confirmed service.
Non-Salaried Persons:- Self employed person with profit earning for at least past 2 years.
Security : Mortgage of property (Residential / Commercial )
Guarantors : Two competent guarantors acceptable to Bank

Subscription to Bank's Share - Membership: 1% of Loan Amount
Processing fee : 1% of Loan Amount

>> MINIMUM DOCUMENTATION:

KYC Documents
Financial Documents
Property Documents
Any other documents required by the Bank.

In adherence with RBI Notification no. DoR.MCS.REC.28/01.01.001/2023-24 dated 18/08/2023,
Penal charges for delay in payment of interest/ instalment , non-compliance or delay in compliance of critical terms of sanction and takeover of loan by other bank/ NBFC would attract penal charges @ 3.25% on the sanction amount in case of Working Capital limit and on the outstanding amount in case of term loan limit.

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