Mortgage Loan

• Purpose: For purchase of shop/ gala/ office premises/ plant & machinery/ equipment etc, to make/ purchase furniture,to pay old debt etc

• Maximum amount: Maximum 75% of Agreement Value or Market / Govt. valuation Price whichever is lower

• Eligibility: Salaried Person-Employee of reputed organization with confirmed service record; Business- Sole Proprietor / Partnership Firm / Limited Company / Professional / Self employed person etc

• Margin: 25%

• Membership: Regular Member of Bank

• Period: Maximum 144 months subject to residual period of employment/In case of business.65 years of age up to loan maturity

• Guarantors: Minimum two sureties maximum depends on merit of proposal

• Security: Registered/ Equitable Mortgage of immovable property

• Interest Rate: As per Bank Policy

• Service Charges: One time as per Bank's policy

• Documents Required: Self certified KYC documents, current Banker's Statement of Accounts for last one year, Original Pay slips for last consecutive three months/ Salary Certificate, Form No-16 And/ or IT Returns with computation of income and financial statements for last three consecutive years. In case of Business, IT Returns are compulsory along with other necessary documents, Security documents. Project report consisting of projected financial statements for five years (if required)