Loan Against Property

✰ 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 Rs. 20,000/- 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)

⯁ 2 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.