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Mortgage Loan:

Purpose

Some times, the borrowers need finance instantaneously and banks take time to process the loan and disburse the loan after documentation. In order to overcome this difficulty, the Bank lends money against the immovable property in the form of Mortgage Loan.

Period of Loan

For salaried person / proprietor      -10 years
For others                                      - 7 years

Rate Of Interest

Please Contact Your Nearest Branch.

Margin

50% of the value assessed by Bank's approved Architect / Valuer.

Security

Mortgage of immovable property

Guarantee

One solvent third party guarantee for loan amount above Rs. 3.00 Lakhs

*Condition Apply

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