Sardar Vallabhbhai Sahakari Bank Limited – Mortgage loan

By | September 22, 2011

Sardar Vallabhbhai Sahakari Bank Limited is a Co-operative Bank, established in 1983 and has 4 branches in Ahmadabad City and 1 branch at Unjha (Mehsana District). The banks branches are located in very prominent business or residential areas. All the branches of the Bank are fully computerized since 1998 and now connected with Core Banking System since May 2009.

The Board of Directors of the Bank includes very prominent Professionals, businessmen, Industrialist, Social Worker and leading citizens. The Chairman, Managing Director and all Board of Directors are giving honorary services to the Bank. Customers of the Bank includes Manufacturers, Wholesalers, Traders and retailers dealing in textiles, chemicals, machine tools, plastics, cars, papers, computers, jewelers etc. The banks credit basket includes home loans, mortgage loans, vehicle loans, gold loans, personal loans etc.

Purpose: For any personal purpose

Eligibility: salaried, professional, Businessmen etc. with repaying capacity

Rate of Interest: 13.5%

Initial Requirement: Original Papers including 7×12 notes of the Property for mortgage, Title Clearance Certificate of the property, Copy of Audited Balance Sheet for last 2 Years, Copy of Income Tax Returns for last 2 Years, Valid Address Proof of the person wants term loan, Bank Statement for last six months, 2 Guarantors who are having immovable property etc

The Bank offers Short Term, Medium Term & Long Term Mortgage Loans. It offers Mortgage Loan against immovable property and by equitable mortgage of the property.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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