Mortgage Loan
Mortgage Loan to individuals against existing property.
Purpose
- To meet personal/business needs.
- To take over regular loan account from another Bank or financial institution.
Who are eligible
Individuals, firms and companies who are residing and employed in valid gainful activity in the area of operation of the Bank.
All individuals, firms and companies.
Loan amount
50% of the value of old immovable property and 60% of new property registration value subject to repayment capacity of the borrower.
Security
Mortgage of immovable property.
Repayment Maximum in 120 EMIs.
