Loan Against Property

Max. Up to Rs. 300000/-

INTEREST

15% p.a. (1.25% p.m.) Reducing Balance

CONDITIONS

• Must be a Member of the society
• Share Money and Compulsory Deposit (CD) shall be 10% each deposited into the account of the member.
• Member must have completed at least 6 months.
• 2 Guarantors (Guarantors shall be the existing member of the society and should not be a defaulter)

Documents Required

• Photo Id Proof (Any like Voter ID Card, Aadhar Card, Pan Card etc.)
• Address Proof (Water/Electricity bill, Compulsory)
• Income Proof (3 years ITR, Salary Slip, Affidavit)
• 3 A/c Payee Cheques (CTS Cheques)
• 3 Latest Passport Size Photo.
• Original documents of the Registered Property Papers to be mortgage.

Loan Tenure & Charges

• Loan Tenure will be max. of 60months (5 year)
• Non-payment of the instalment on Due date will incur 3% penalty interest extra to the member.
• Processing Charges shall be applicable.