1

Eligibility

Individuals , Registered Company, Societies & Firms

2

Purpose

Building/Site Purchase, Medical, Education, Business etc.

3

Maximum Loan Amount

Maximum Rs.60.00 Lakhs

•   Building/Site Purchase : 60 of Purchase Value
•   Mortgage : 50% of the valuation of the asset

(Based on the repayment capacity )

4

Repayment Period

7-10 Years of Monthly Instalments

5

Rate of Interest

11.15% ( ROI applicable as and when revised by the Bank from time to time)

6

Security for the Loan

Registered Mortgage of the assets

7

Surety

•  One person for the loan upto Rs.5.00 Lakhs
•  Two persons for loan exceeding Rs.5.00 Lakhs

8

Documents to be submitted

•   Loan application in the prescribed format
•   Documents as per the KYC Norms
•   Title deeds & other documents of the assets
•   Documents to assess the repayment capacity
•   Other loan documents