Mortgage Loan
| Particulars | Information |
|---|---|
| Who can Borrow | People engaged in trade, commerce & business professionals, proprietary firms, partnership firms, companies & individuals with high net worth |
| Purpose | Marriage Business Education Contractor/Professional and Self employed Clear debts Purchase of consumer products etc. Real estate |
| Limit | Depends upon the purpose. |
| Security | Mortgage of Property/Commercial premises to be purchased |
| Repayment Period | Repayment 150 months |
| Processing Fees | 1% of the loan amount + GST |
| Legal & Documentation Charges | On Actual Basis |
| Prerequisites |
1. Income Tax Returns/any Income proof for the last three years along with computation of income of Individuals/Partners/Directors. 2. Audited Financial Statements for the last three years of the firm/companies. 3. Copies of the relevant documents of the property to be mortgaged. 4. Add income from family member. |
| Required Document |
1) 150 months duration 2) Property based security 3) Maximum limit 15% of our working capital for individual 4) 85% on S R Value of property |
| Required Document for B KHATA PROPERTY LOANS |
1) Applicant should be in Position Minimum 5 years 2) Last 3 years Track Records 3) Minimum 600 Square Feet Site Area 4) Minimum 400 Square Feet RCC Building in Site 5) 3 years Income Tax Returns Compulsory 6) If Applicant is Govt Employee Pay Slip & 6 Months Bank Statements 7) If Property is Revenue Documents RTC, Mutation, Akbarnama Required |
| Required Document For Site Purchase Loan |
1) Duration 240 Months for House Construction and House Purchase. 2) Maximum loan limit Rs.70 Lakhs. 3) 85% on S R Value of property 4) Purchased property to be mortgaged to our bank. 5) Rs.150000/- per square & 85% of security value WEL. 6) For house repair purpose Rs.5 lakhs maximum loan limit. |
Sree Thyagaraja Co-operative Bank Limited, a leading Urban Co operative Bank in India.