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Mortgage Overdraft/Loan against property

Overdraft (OD)/Loan facilities for account holders availed against property kept as collateral

Rate of Interest :
Upto Rs 25.00 Lacs13.00% p.a
Above Rs. 25.00 Lakhs10% – 13.50 % p.a (subject to credit rating)

Tenure

  • Max – 120 months

Security

  • Equitable/Registered Mortgage of immovable properties such as Land & Building, Gala, Shop, Showroom, Office, Godown, Residential Flats etc.
  • Title clearance and search report are to obtained from our bank’s approved advocate and valuation report from Bank’s approved valuer.

Documents Required :

  1. 3 years ITR with one year Bank Statement / 3 months salary slip with Form 16 and one year Bank statement.
  2. Satisfactory CIBIL Report
  3. Copy of Property Documents with Originals (Chain of Agreement)
  4. 2 Guarantors with 3 years ITR with one year Bank Statement / 3 months salary slip with Form 16 and one year Bank statement.
  5. Complete KYC documents of Applicant and Guarantors

Processing Fees
1% of the Loan amount/Renewals+ Service Tax