Nature of Loan - MORTGAGE LOAN
Rate of Interest - 12.00%
Installment/ Period – 120 Months ( 10 Years)
Purpose - Personal/Domestic or income generating activities or any business development purpose
Security : against property (Plot / Building)
Maximum Loan Limit - Rs. 60.00 lakhs
A mortgage is a loan in which property is used as collateral. The borrower enters into an agreement with the lender (usually a bank) wherein the borrower receives cash upfront then makes payments over a set time span until he pays back the lender in full.
Documents Required for Mortgage Loan :