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Our Important Services

Mortgage Loan

  • Providing Term Loan against mortgage of House/Flat or any other commercial property to the owner of the property (but not agricultural land or any other vacant land).
  • Purposes to meet any personal/ business requirement except speculations; limit shall be allowed for business purpose only.

REPAYMENT PERIOD :-

  • Mortgage Loan :Upto 120 months (Maximum 120 months).

MARGINS:-

  •  60% of valuation of property & Margin will be 40%.

MAXIMUM PERMISIBLE LIMIT: -

  • 60 times of Monthly Income or 60% of Valuation of Property, which ever is less.

DOCUMENTATION:-

  • Pro-note, Loan Agreement, Mortgage Deed. NOC / Permission from Kandla Port Trust for getting mortgage charge in favour of the Bank. In case of property mortgaged is out of Gandhidham Town, Bank Lien/Charge Certificate from Talati, Insurance Cover in favour of the Bank, Ground Rent / Municipal Taxes paid Receipts.

 

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