Loan Account

Personal Mortgage
Making More Possible..

Simplifying Your Financial Need

A Personal mortgage is a secured loan disbursed against the mortgage of the borrower’s property. It can be residential property, commercial property or even a piece of land. As the name suggests the loan proceeds can be put to personal use for child’s education, marriage, buy a property, set up a business or to meet medical expenses etc other than speculative purpose.

Features & Benefits

  • Rate of Interest : 10.75%
  • Repayment Period : 180 Months
  • Loan Limit : Maximum Amount up to Rs 60 lakhs
  • Interest calculated on daily reducing balance
  • SMS Alerts for transactions, EMI due date reminder
  • E-Statement Facility

Eligibility

  • Salaried Individual in his / her name below age of 50
  • Professionals or Self Employed persons who are IT assesses

Documentation

  • Proof of Residence - Electricity Bill / Telephone Bill / Passport / Aadhar Card.
  • Proof of Identity - Aadhar/ PAN Card.
  • Proof of Income - Salary Slips /Last 3 years Balance Sheets or Income Tax Returns / Bank Statements.
  • Passport Size Photograph.
  • Title and Valuation Report of the property to be mortgaged.
  • 7/12 Extract.
  • NOC for mortgage of property (Society / Builder).

Security

  • Mortgage of the property to be financed by way of deposit of the title deeds
  • Two Sureties.

    • Note: Loan Amount depends on the repaying capacity.

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