Mortgage Loan
Mortgage Loan is a secured loan where a property is pledged as collateral to borrow funds. These loans serve different purposes depending on the type.Finance up to a maximum of 50% of the market value of the property as estimated by the bank
Maximum Amount: Rs.1500000/- (Fifteen Lakhs)
Interest calculated on diminishing balance, Service Charges are applicable from time to time, Long repayment period of 120 months, Repayment mode, Diminishing instalment/EMI,No prepayment penalties.
Purpose
Any Business,Personal Purpose, Allied to agriculture and House maintenance.
Eligibility
- You are eligible if you are A class member of the Bank
- An individual who is- An Employee or, A Professional, self-employed or, Engaged in agricultural and allied activities, engaged in any of valid gainful activity
Documents Required
Photographs(2 No’s), Applicant must be a regular A class member, Land tax Receipt, Possession Certificate, Location Certificate & Sketch, Thandapperu, Income Certificate (6 months bank statement), Salary Certificate, Encumbrance Certificate (30 years), Estimate (From a Licensed engineer), One and Same certificate (If applicable), Affidavit (If applicable), Original Title deed, Prior deed Title deed, Latest House Tax receipt. (If applicable), Last 3 years IT returns. (If applicable)
For More Details, Please Visit Our Nearest Branch