Our bank provides Mortgage Loan to meet Credit requirements of trade/commercial/business activity of Applicant. Repairs / renovation/ extension to residential / commercial properties. Repayment of existing loans raised from others. To meet expenses towards Medical treatment, Marriage, Purchase of consumer Durables, etc. or any other Personal requirements. Any other genuine purpose acceptable by the Bank.
Maximum Repayment 60 months
Rate of Interest and Margin is subject to change from time to time.
Charges: Documentation Charges as applicable.
Applicant with regular source of income either by way of salaries/ business income. Submission of Minimum last two year ITR is compulsory. Maximum deduction upto 60% of income shall be taken into account for arriving at maximum loan amount.
Businessmen & Professionals: Business should have establishment of minimum of two years.
1. Duly filled form.
2. PAN Card of Applicant(s) & Guarantor(s)
3. KYC of Applicant(s) & Guarantor(s)
4. Residential Proof of Applicant(s) & Guarantor(s)
5. Income Proof of Applicant(s) & Guarantor(s)
6. Two acceptable guarantors and security holders to be also taken as guarantors.
7. Primary Security. Immoveable property adequately stamp and registered.