Mortgage Loan
Mortgage Loan can be availed by members on the security of land and building.
The loan is assessed on the basis of repayment capacity of the member.
The Value of the property and the legal clearance are done by approved Valuer and the Advocate in the panel respectively.
EMI's can be paid through Net Banking or Mobile App
The maximum period of the loan is 60 months
Interest rate is 18% p.a. for 3 years tenure and 20% p.a. for 5 years tenure
Non- payment of Installment and interest will attract penal interest at 2%
Expenses viz. valuation, legal opinion charges, registration charges, processing charges are to be borne by the applicant.
Eligibility Criteria
Any individual Anyone who is the member (Note: Minors are not eligible.) The loan amount will be sanctioned on the basis of gold valuation which involves verification of its purity. The weight of stones fixed on the ornaments will be deducted for the intention of valuation.
Documents Required to avail Mortgage Loan
Required Property Documents Address Proof Documents ( Voter Id, Driving Lincence or any other ID Proof) Aadhaar Card Pan Card Two Passport Sized Photos KYC documents on request for it.
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