Interest Rate |
9.5% |
Eligibility of borrower |
- Borrower must be a member of the bank.
- Borrower must have good reputation and credit worthiness.
- Have sufficient score in CIC Reports
- Must comply with the KYC norms and having savings account holder of the bank
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Purpose of loan |
Purchase /construction of residential building for her own use |
Quantum of finance |
Up to 80% of panel valuers valuation report or deed agreement whichever is higher |
Share linkage |
10 Shares |
Repayment period |
Maximum 240 months |
Security |
- Simple mortgage property purchased / constructed out of the bank finance
- Third party guarantee of two personal guarantors having good credit worthiness and financially sound persons.
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