Mortagage loan is available as against registered mortgage of residential,office,shop,godown,shed building as a prime security.
Applicant details :
- Last three years copy of income tax return for loan application.
- Three photographs of Applicant.
- Applicant Pan card.
- Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
- Address proof – electric bill /telephone bill (any one) As per KYC norms
- Photo proof – Pan card / Voter card / Driving license (Any one) As per KYC norms
Guarantor details:
- Photograph-2 copies
- Address proof – electric bill /telephone bill (any one), two month old
- Photo proof – Pan card / Voter card / Driving license (Any one) As per KYC norms
Conditions:
- Original documents of property to be submitted to the bank. Registered mortgage of property to be done in favour of bank.
- Bank will give loan if property is having N.O.C
- Applicant will have to take insurance of the building in favour of bank.
- Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
- The applicant has to provide two guarantors.
- Mortgage loan is to be repaid with interest within 60 equal monthly instalments.
- Limit Will be decided of 70% of the value of the property .
- Applicant has to take share @2.50% of the limit.
- Processing charges of 0.50% will be levied on sanction.