Mortgage Loan
Mortgage Loan extended against the mortgage of land and landed property for the purpose of house repairing , marriage purpose , Business Purpose , medical purpose or any other consumption purpose .
1. Maximum amount of Mortgage loan is Rs.1 Crore/-.
2. Maximum no. of installments for repayment of loan – 180 Nos.
3. Security – Land & Landed Property.
Criteria for availing Mortgage Loan Facility:
1. Membership of the Bank.
2. Security - land and landed property that will be free from all encumbrance.
3. Original deed of the security ( land and landed property ).
4. Parcha , Dakhila.
5. Upto date tax clearance receipt.
6. Address proof & Identity proof of the applicant.
7. PAN Card & Aadhar Card.
8. Passport size photograph of Applicant.
9. Savings Deposit A/c of Applicant.
10. One no. of guarantor for loan upto Rs. 1,50,000/- and two nos. guarantors for loan
above Rs.1,50,000/- .Only members of the bank can be guarantor of the loan.
.
11. Loan extend upto 70% of the value of security.
12. For House repairing purpose loan, estimate for Hose Repairing ; marriage invitation
Card in support of the proof marriage, in case of loan for marriage purpose, for
business purpose, estimated cost for particular purpose of business will have to submit
along with application form.
.
13. Type of mortgage of land & landed property : Registry mortgage.
14. Processing Fee : 1.5% of Loan Amount, Maximum Rs. 25,000 + GST Applicable.