Mortgage Loan

Mortgage Loan

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
Purpose of loan Mortgage of residential building for the business purpose
Quantum of finance Up to 80% of panel values valuation report or deed agreement whichever is higher
Share linkage 10 Shares
Repayment period Maximum 240 months
Security
  • Registered 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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