The members can avail the loan facility by mortgaging their residential / commercial semi-urban /urban property (other than agricultural lands, open lands and plots) to meet their business needs as well as to meet their personal expenditure. Loans against open plots, and agricultural loans will be considered on merit basis.

Features

The property offered will be subject to legal scrutiny to ensure ownership / possession and marketability, by an empaneled advocate and the property will be valued by an empaneled valuer of the society

•  Security shall be created by way of Registered Mortgage.
• The loan offers Flexible Interest Rate, Flexible EMI and Flexible Tenure.
•  Quantum of loan shall be a minimum of Rs.1,00,000/- and maximum of Rs. 50,00,000/-, subject to 60% of the market value of the property as assessed by the empaneled valuer, which ever is lower.
•  Irrespective of value of property the member borrower should have enough regular / monthly cash flows to service the loan instalments and income proof shall be provided.
•  Personal guarantors / sureties acceptable to the society with sufficient income , who are members of the society.