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Loan Against Property |
Discover the power of your property .... !
For meeting genuine needs - other than speculative purposes.
Eligibility:
Professionals, businessmen, salaried persons
Customers having satisfactory dealings with our bank
New customers well introduced and credit worthy with satisfactory banker´s / market reports on them.
Quantum :
Upto 50% on the value of the property offered as security as per the valuation report of the bank´s panel-valuer.
Rate of Interest:
Please visit our page on rate of interest on personal loans.
Repayment :
Upto 60 months by way of EMI
Security
Equitable Mortgage of property acceptable to the Bank having clear marketable title.
Guarantee
Personal Guarantee from person / s of adequate net worth acceptable to the Bank. Waiver considered selectively.
Processing Charges:
0.5% of loan amount
Documents / Formalities :
Stipulated Loan Application with passport size photographs - 2 copies each
Copy of lease deed
Income proof of the applicant and guarantor
Income Tax Assessment Order / IT Returns
Title deeds of the property / EC, latest tax paid receipt / Legal Scrutiny Report
Approved plan of building
Certificate of balance if finance is availed against property from any other source
Annual Financial Statements for the past 2 years (in case of persons other than salaried individuals)
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