- To meet personal/business needs.
- To take over regular loan account from another Bank or financial institution.
Mortgage Loan to individuals
Purpose
Who are eligible
- Individuals, who are residing and employed in valid gainful activity in the area of operation of the Bank.
Loan amount
- 65% of the value of immovable property to be mortgaged, subject to repayment capacity of the borrower and overall ceiling of Rs.2.30 crore.
Security
- Equitable mortgage of immovable property and third party guarantee of one person.
Repayment
- Maximum in 180 EMIs.