Our Mortgage Plus Scheme (Revolving Overdraft Type) & Mortgage Loan Scheme (Term Loan Type) aims at providing personal credit facility in order to meet personal/business financial needs.
Features :
- To employees, professional, self-employed, Businessman and others.
- Limits Linked to income and collateral.
- Revolving overdraft or Term Loan based Loan.
- For any Legitimate purpose.
- Competitive Interest Rate.
- Easy and Quick Processing.
Terms and Condition :
- Collateral Margin of 33.33% of Distress Value of the property offered as Collateral Security.
- Loan amounts up to Rs. 5.00 Million (without specific purpose of credit facility) & up to Rs. 50.00 Million (with specific purpose of credit facility).
- Comprehensive Insurance policy covering market value of the building (in case of existence of building) to be submitted.
Repayment :
Mortgage Plus Scheme (Personal Overdraft)
- On demand, but for operational convenience, revolving running account facility subject to renewal once in a year. Interest to be served quarterly.
Mortgage Term Loan Scheme
- Equated Monthly Installment (EMI) based Term Loan for a maximum period of 300 Months.
For detailed information, please visit your nearest Branch.
