Eligibility |
- Salaried individuals
- Professionals & Self-Employed persons and those in business filing their IT Returns
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Sanction Limit |
- 60% of the value of the property to be mortgaged
- The loan amount depends on the repayment capacity
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Repayment
period |
- upto a maximum period of 10 years
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Rate of interest |
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Security |
- Mortgage of the property to be financed by way of deposit of title deeds/registered mortagage
- One guarantor with adequate net worth
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Documents
Required |
- Proof of Residence - Aadhar Card Card/Driving license/ Passport/ Electricity Bill/ Telephone Bill
- Form 16 A, Salary Slip or Last 3 years Balance Sheets/Tax Returns
- Title and Valuation Report of Property to be purchased
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