MORTGAGE LOAN

MORTGAGE LOAN - ON YOUR IMMOVABLE PROPERTIES -

provided that the total loans against immovable property [excluding mortgage loans granted on the security of property by registered mortgage, being a registered mortgage under section 69 of the Transfer of Property Act, 1882 (IV of 1882)] shall not exceed fifty per cent. Of the overall loan outstanding on the date of approval by the board, the individual loan shall not exceed fifty per cent. of the value of property offered as security and the period of repayment of such loan shall not exceed seven years.

1. Repayment period of such loan available one month to five year only.
2. Repayment is available earlier as you can repay as you desire.
3. Minor are not eligible for loan.
4. Simple interest will be charges.
5. The interest rate is fixed and calculated on a reducing balance basis.
6. In case of default notice charges and other charges will be applicable.
7. In case of delay penalty will be charges.