MARTGAGE & OD LOAN
About/Loan
About/Loan
| TITLE | NORMS | ||
|---|---|---|---|
| Purpose | Business,Education,House Repair and renovation,site Purchase.Etc | ||
| Eligibility | Vijayanagara,Davanagere,Chitradurga,Gadaga,Bellary,Haveri Distric
Limit,BOD approved Salaried Employees / Businessmen/Professionals and Individuals with proven source of Income |
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| Loan Limit | Rs.25,00,000/-(Twenty Five Lakh only) | ||
| Repayment Period | Mortgage loan:Repayable in 120 EMI Max. OD Loan:One Year |
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| Rate of Interest |
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| Share Holding | 2.5% of the sanctioned Loan amount. | ||
| Security | 2 share Holders surety,Mortgage of the Property by way of Registered Memorandum of Deposit of Title deeds | ||
| Purpose Proof | Original papers of Purchase of House Agreement of Sale executed on stamp paper + a photocopy of property documents.Board panel Engeenier Valuation, | Documentation | Prescribed Application Form with Attested Copies of Photo ID – Voter
ID/DrivLicense/Passport/Aadhar PAN Card Income Proof - Salaried Certified Salary Certificate/Payslips- 3 months ,Form 16A issued by employer, 3 years IT Returns,NOC. Business/Professionals 3 years IT Returns, Balance sheet of the business with Tax paid challan Professionals Self employed |