Immovable propery like land, building, flats, stall is mortgaged and loan up to 60%-70% of the valuation of the property can be sanctioned, for fulfuling basic needs of the businessmen and salaried people. The businessmen can expand the business activities with the help of property mortgage loan.
The financial eligibility depends on an individual's repayment capacity and is based on the following factors:
- Monthly or annual income
- Source of income
- Savings and credit history
- Work experience
- Number of dependents
- Probability of the individual continuing in the same occupation
Apart from the application form, you will be required to submit the following documents.
|Identity Proof||PAN Card, Driving License, Passport, Voter's ID, Aadhaar Card|
|Address Proof||Passport, Driving License, Voter's ID, Aadhaar Card, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)|
|Signature Proof||PAN Card, Driving License, Passport|
|Latest Passport Size Photographs (4 copies)|
All the features and benefits are subject to terms, conditions and exclusions. Please refer to the General Schedule of Features and Charges.