Loans for various purposes
against
immovable property.
Maximum loan amount up to
50%
of Market Value of
Property.
Easy Repayment Period up
to
60 months.
Purpose Long term working capital
requirements Educational, Marriage,
Medical expenses or other
consumption purpose Investments ( other than
speculative) Any other verifiable
purposes
Quantum of Finance Least of following in case
of Term Loans (Maximum Rs. 5
Crores) 60% of the Market Value 20 times of gross monthly
salary (in case of salaried) 1.50 times of annual cash
accruals (in case of other
than salaried persons) Least of following in case
of Overdraft Limit 60% of the Market Value }>
20% of total turnover (in
case of overdraft limit)
Security Equitable / Registered
Mortgage of Residential Flat
/ Premises / Shop / Gala
Repayment Maximum 84 months (7 yrs) 20% reduction of the limit
annually, in case of
overdraft.
Guarantors Two
Common Documents Attested photocopy of PAN
card / Passport / Driving
License. Attested photocopy of
Ration Card /Electricity
bill / Telephone bill Latest Salary Slip and
Form No. 16 in case of
salaried persons Audited Balance sheet /
Profit & Loss statement for
last 3 years in respect of
firm/company Income Tax returns, with
computation of total income
for last 3 years in case of
professionals
and self-employed persons Net Worth Form of borrower
and guarantors Copy of Bank statement (at
least six months) Latest passport size
photographs
Documents Original Sale agreement
duly stamped and registered Original payment receipt Original NOC from
Society/Builder in Bank's
prescribed format Valuation report Legal opinion from Bank's
approved advocate ~ Latest
maintenance receipt Projected financial
statements
::
Mortgage Loans
Loans for various purposes
against 
