Mortgage Loan

Mortgage Loan

Loan Against Property As the name suggest its loan against Property . It´s the most convenient way to receive cash in no time from any NBFC/Bank by pledging your Property .This is one loan product which comes with minimal documentation & no processing time in short its over the counter product.

Features & Benefits
  1. Assurance of low interest rate
  2. Assurance of speedy loan disbursal.
  3. Loan upto 100% of appraised gold value -Quick and easy documentation.
  4. Flexible repayment structure to suit your requirements.
Mortgage Loan Eligibility

Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings and central, state and local bodies:

Eligibility Criteria
  • Minimum age of Applicant: 18 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Minimum employment: Minimum 3 months in employment and minimum 6 months in the current organization
  • Minimum Net Monthly Income: Rs.3,000 per month (Rs.3,000 in Mumbai, Delhi, Bangalore, Chennai and Hyderabad & Rs.3,000 in Calcutta, Ahmedabad and Cochin)
Documents required:
  • Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence)
  • Address Proof (Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
  • Bank Statements (latest 3 months bank statement / 6 months bank passbook)
  • Latest salary slip or current dated salary certificate with latest Form 16

Self employed (Professionals) include self - employed Doctors, Chartered Accountants, Engineers, MBA Consultants, Architects, Company Secretaries.

Eligibility Criteria
  • Minimum age of Applicant: 18 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Years in business: 3 months to 6 months depending on profession
  • Minimum Annual Income:Rs.1,00,000 p.a.
Documents required:
  • Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence)
  • Address Proof (Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
  • Bank Statements(latest 6 months bank statement /passbook)
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  • Qualification proof of the highest professional degree

Self Employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.

Eligibility Criteria
  • Minimum age of Applicant: 18 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Years in business: 3 months to 6 months depending on profession
  • Minimum Annual Income:Rs.1,00,000 p.a.
  • Available in select cities
Documents required:
  • Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence)
  • Address Proof (Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
  • Bank Statements(latest 6 months bank statement /passbook)
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  • Proof of continuation (Trade licence /Establishment /Sales Tax certificate)
  • Other Mandatory Documents(Sole Prop. Decl. Or Cert. Copy of Partnership Deed,Cert. Copy of MOA, AOA & Board resolution.)

Self Employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services

Eligibility Criteria

Years in business: Minimum of 3 months in current business and 6 months total business experience

  • Business must be profit making for the last 6 months
  • Minimum Annual Income:Rs.1,00,000 p.a.
  • Available in select cities
Documents required:
  • Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
  • Bank Statements(latest 6 months bank statement /passbook)
  • Proof of continuation (Trade licence /Establishment /Sales Tax certificate)
  • Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)./li>