Limit :As Per Income And Purpose Criteria
Rate of Interest :12.60 % (WEF 01-04-2023)
Re-Payment:Loan up to Rs. 1.00 Lakh up to 12 Months
Above Rs. 1.00 Lakh up to 48 Months (EMI)
Terms and Conditions:
- Mortgage of property required.
- Charge to be registered with Govt. or Revenue Authorities.
- KYC Documents with 2 Latest Photographs
- 3 Yrs. I.T. Returns / Balance Sheet/ Last 3 Months Salary Slip and Statement of Net worth.
- Last 2 Yrs. Bank Account Statements.
- 2 Guarantors required with KYC and Statement of Net worth.
- If required, moratorium period up to 18 months can be allowed at Bank's discretion.
- Additional Shares (Linking Shares) to be taken @ 01.50% of sanctioned Limit.
- Linking Share amount will be adjusted / refunded at the time of closer of loan account.
- Dividend on linking Shares will be transferred in account as and when declared by the Board of Directors.
- Penal interest @2% extra will be charged in case of irregular A/cs.
- No Objection Certificate from other bank if any other facility availed. (If required)
- Principal / Collateral Security must be covered by insurance.
Applicable Approx. Charges for above facilities.
|Title Clearance Report||2500.00|
|Valuation Report of Property(if Required)||Max 0.125% of Valuation Amount|
|Legal Fees & Misc Charges||5500.00|
|Stamp Duty @ 0.35 % of Loan amount|
|Mortgage Registration Charge Max. Rs. 6000.00|
|Stamp charges for Loan Agreement @ 0.25% of Loan amount|