Mortgage Loan

Advancing loans for discharge of prior debts on the Mortgage of houses upto a maximum of Rs.15, 00,000/- Lakhs in Corporation area and Rs.10, 00,000/- in Municipal areas and Rs.7,00,000/- other than Corporation and Municipal areas.


Interest calculated on monthly rests.

Terms & Conditions

1. Loan Expenses as fixed by the society will be collected at the time of filing application.
2. 7% of the Loan Amount will be deducted as share capital at the time of Disbursement
3. 1% Registration Charge to be remitted at the Sub-Registrar Office at the time of registration of Mortgage Deed
4. Half Percent of the Loan Amount will be collected as one time Service Charge at the time of Disbursement

Benefits

1. Stamp Duty exemption for executing mortgage deed.
2. No hidden service charges
3. Excess payment options to be credited to loan principal amount for the month

Documents required to get Mortgage Loan

  • Applicant photo
  • Photo of the House
  • Family Photo
  • Ration Card Xerox
  • Age Proof
  • Income Certificate
  • Electricity Card Xerox
  • Bank Pass Book Xerox
  • Rent Receipt
  • Corporation Tax
  • Patta
  • Sale Deed
  • Parent Document
  • Encumbrance Certificate
  • Building Plan with Key-plan
  • Building Valuation Certificate
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