Mortgage Loans

LOANS AND LIMITS AGAINST IMMOVABLE PROPERTIES

Mortagage Loans , Overdraft against other securities, Mortagage Loans and rent securitisation scheme.
ELIGIBILITY

  • Individuals / Proprietary / Partnership Firms and joint stock companies are eligible under the scheme.

SECURITY

  • Primary :
    • Immovable property other than agriculture land.
    • Future rent receivables.
  • Collateral:
    • Personal Guarantee of third party and / or owners of properties offered as security

MARGIN

  • On Purchase / Construction of Open Plot / Commercial Property – 25% to 50%
  • On Sale consideration OR Distress Value of the property - 30% to 50%
  • On rent receivables – 10% to 20%

RATE OF INTEREST

  • Different rates upto 10 lacs and above 10 Lacs.

PURPOSE

  • Under rent securitisation scheme
  • For Business Development
  • Other purposes.

AMOUNT OF FACILITY

  • Minimum 0.50 lacs, Maximum depending up on the scheme and constitution of the applicant as under:
    • Individuals / Proprietary Firms Rs 1000 lacs
    • Partnership firms , Trusts, Societies – Rs. 1000 Lacs
    • Public / Private Limited Companies – Rs. 1500 Lacs

REPAYMENT / VALIDITY PERIOD:

  • Limit 12 months
  • Loan maximum 120 Months including moratorium period.

Basic Savings

Features

No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities

PMJDY

PMJDY

The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.