Mortage Loan
NAGRIK SAHAKARI BANK offers easy and hassle-free Loan against Property at attractive interest rates. You can avail loan against residential or commercial properties at attractive rates of interest to both salaried and self-employed individuals.
Benefit of Mortage Loan
Loan against fully constructed, freehold residential and commercial properties.
- Purposes :
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- Business Needs; Marriage, medical expenses and other personal needs.
- Transferring your outstanding loan availed from another Bank / Financial Institution.
- Longer tenure, smaller EMIs.
- Attractive interest rates.
- Easy and hassle free documentation.
- Simple repayments through monthly instalments.
- 60% of the value of the property to be mortgaged (relaxation at the bank's discretion).
- Upto 7 years (may be relaxed up to 10 years at the discretion of the bank).
Eligibility
Salaried employees/ Professionals/ Self-employed :
- Loans can be applied by Individuals either solely or jointly.
- Total deduction including deductions of LAP (installment & interest) to be meet from firm/company’s net cash accruals.
- Property should be in the name of the applicant his/her spouse or close relative as per Section 6 of the Companies Act 1956 or persons representing relationship such as Firm / Proprietor, Partnership / Partners, Company / Directors.
Document Required
- PROOF OF IDENTTIY :
- Aadhar Card / Driving license / Passport / PAN card/ Election card/Job card issued by Govt. agencies.
- PROOF OF RESIDENCE :
- Aadhar Card / Driving license / Passport/ Election card / Job card issued by Govt. agencies.
- PROOF OF INCOME - SALARIED INDIVIDUALS :
- Form 16A, Latest Salary Slip for 3 months, Salary bank account statement of last 1 year.
- PROOF OF INCOME - BUSINESS :
- Last 3 years Balance Sheets/Income Tax Returns and Salary/Business bank account statement of last 1 year.
- Title search and Valuation Report of Property to be purchased.
- Security/Mortgage documents as applicable.
