MARTGAGE & OD LOAN

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Mortgage Loans

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
Loan Limit Rs.25,00,000/-(Twenty Five Lakh only)
Repayment Period Mortgage loan:Repayable in 120 EMI Max.
OD Loan:One Year
Rate of Interest
12%
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