The loan is offered for anyone like businessman, employed, self employed, Profession having their own property to mortgage like flat, house, factory, office, gold etc.
The loan is also offered for personal reasons like marriage, well-deserved holiday, and medical emergency. The loan amount depends on the valuation of the property by the bank.
Purpose – Purpose for any reason.
Features – The following are the features of the mortgage loan
- Long term loan up to 60 months(5 years)
- Easy Process
- Interest charge on actual reducing balance
- Rebate on interest as per rules
- No Hidden Charges for administrative work.
- Nominal Processing Charge
- No Prepayment Penalty
Eligibility – Salaried Individuals, Professionals, Self Employed Individuals
Margins – 20 % Margin
Rate of Interest – 10.50%
Repayment – Repayment in easy installments spread up to 5 years, based on your age and capacity. There is No Prepayment Penalty in home loan.
Takeover of loan – If the borrower has already taken a mortgage loan from any other bank or financial institution and want to avail of the benefit of our low rates of interest, the bank will take over the loan that has been availed from them.