Choice is yours
Residential as well as commercial property
Attractive interest rates
Avail mortgage loan at 14%* p.a.
Easy documentation
Instant financing with minimal documents
For Self Employed:
For Salaried Individuals:
| Application Form | For Salaried |
|---|---|
| Compulsory Documents | Pan Card |
| Identity Proof | Driving License / Passport / Voters ID / Aadhar Card |
| Address Proof | Address Proof for Both office & Residence, Passport / Driving License / Voters ID / Utility Bill / Aadhar card |
| Ownership proof | Agreement Copy / Electricity Bill / Maintenance Bill with Share Certificate / Municipal Tax Bill |
| Financial | 1) Latest 3 months’ Salary Slip |
| 2) Latest Form 16 | |
| 3) Employment proof (Appointment Proof) if current employer name does not match with that of FORM 16 submitted | |
| Banking | Latest 6 months Bank Statement reflecting as well as existing EMI repayment |
| Application Form | For Proprietor |
|---|---|
| Compulsory Documents | Pan Card |
| Identity Proof | Driving License / Passport / Voters ID / Aadhar Card |
| Address Proof | Address Proof for Both office & Residence, Passport / Driving License / Voters ID / Utility Bill / Aadhar card |
| Ownership proof | Agreement Copy / Electricity Bill / Maintenance Bill with Share Certificate / Municipal Tax Bill |
| Business Continuity Proof | Shop & Establishment certificate / Tax registration – VAT / GST registrations |
| Financial | 1) Latest Three years audited financial |
| 2) Last three years Tax audit Report (Form 3CB + 3CD in case of proprietorship) | |
| 3) Latest VAT / GST returns for current financial year | |
| 4) Breakup of all Secured and unsecured loans | |
| 5) Existing loan Sanction letter and their corresponding EMI reflecting bank statement for last 1 year | |
| Banking | Last 1 year bank statement (Business accounts) |
| Rate of Interest for Mortgage Loan | 14% |
| Processing Fee (Non-refundable) | Maximum 2% of the loan amount. |
| Documentation Charges | Upto Rs. 10,000. |
| Commitment Fee | 2% of the undisbursed amount of the loan. |
| Cheque dishonour Charges | Rs. 750/- per instance |
| Charges for Copy of any Document | Rs. 500/- per instance. |
| Repayment Mode I Account swap charges | Rs. 500/- per instance. |
| Charges for Duplicate NOC I No Dues Certificate | Rs. 500/- per instance. |
| Charges for copy of CIBIL Report (to Customer who has availed Loan I Overdraft from us) | Rs. 50/- per instance. |
| Charges specific to Term Loans: | |
| Prepayment Charges | No prepayment / foreclosure is allowed till the lapse of Lock in Period of 6 months after EMI Commencement. |
| After the lock – in period, part prepayment of minimum Rs.25,000/- and maximum upto 25% of outstanding Loan Amount can be made without any prepayment charges every 6 months. The minimum period between any two prepayment shall be at least 6 (six) months. | |
| For any Part Prepayment in excess of 25%, 4% of the excess prepayment Amount shall be charged as Prepayment Charges. | |
| For Full Prepayment any time after the Lock-in-Period, Prepayment charges shall be 4% (and other applicable taxes) of the Foreclosure Loan Amount plus Amounts prepaid during the last 12 months. | |
| Substitute Interest (Penal Interest) | 2% p.m. compound monthly on the Amount Due but unpaid from the date of the Amount falling Due till the Date of actual Payment. |
| Collection Charges (in case of Default) | 30% of Cheque / instrument Dishonour Charges plus Substitute interest. |
Any Resident Indian Individual (salaried/ self-employed) can apply. The co-applicants can be close relatives or Friends.
