Mortgage Loan

Business Expansion, Business Development, Purchase of commercial property, Repayment of Old Debts.

Type Rate of Interest Tenure
Loan Against Property 12.00% p.a. 10 Years
For End Use of Real Estate Purpose 13.00% to 14.50% p.a. 10 Years
Purchase of Commercial Premises 13.00% to 14.50% p.a. 7 Years

Features & Benefits

  1. Financial Assistance on basis of salary, Business or Professional income.
  2. Low cost, No Prepayment charges.
  3. Guarantee based loan.
  4. Repayment through Cheque/ECS.
  5. Loan Limit 70% of Market value of property to be mortgaged, Maximum Rs.100.00 Lakhs. 
  6. Repayment period Upto 120 Months depending upon age of applicant.

Eligibility

  1. Applicant having/ ready to have membership & having confirmed services with salary slip  ( ITR & Business Proof for Businessmen).
  2. Applicant should have adequate income available for repayment of E.M.I.’s

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