Loan Against Property Are you looking for fund to expand business or working capital requirement, then you may approach us the speedy and best solution.

Advantages

  1. Risk free loan
  2. Simple paperwork
  3. Easy and fast processing of loan
  4. Less documentation required
  5. Low interest rate
  6. Doorstep service facility

Terms and Conditions

  1. Our Bank will provide loan to its members, so before applying, you need to be a member first.
  2. Loans to the members will be given against the property.
  3. The loan shall not exceed 50% of the value of the property offered as security and the interest rate will be 8% per annum.
  4. The rate of interest on loannwould ben 13% to 20%.
  5. Repayment period of such loan shall not exceed 7 years as per Government and RBI norms.
  6. The rate of interest shall be calculated on reducing balance method(Government Instruction)
  7. Installment and interest will attract penal interest 2%.
  8. Expenses viz. valuation, legal oppinion charges, registration charges, processing charges are not to be borne by the applicant.