Loan against Property

 V MORTGAGE

Purpose
  • Loan for meeting genuine needs of varied purposes other than speculative purpose.
Eligibility
  • Individuals aged between 21 years and 65 years.
  • Salaried/Professionals/Self employed/Businessmen / Proprietorship/LLPs/Companies

How much you are entitled to?

  • Upto 48 months’ average gross income.
  • 70% of value of property to be offered as security.
  • Maximum of Rs 500 lakhs
Repayment period
  • Maximum of 120 months.
Rate of interest
  • Base Rate + 2.50 = 12.15% p.a. (floating).
Processing charges
  • Ranging from 0.15% to 0.55% of sanctioned limit.
Security
  • Mortgage of non-agricultural/non-industrial property.

For more details contact our nearest branch or call to our toll free no 1800 425 5885.

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