Eligibility  Any person with assured monthly Income acceptable to the Bank.
 Rate of interest

 Reducing balance               10.50%

 EMI  ROI

 i) 650 and above

 10.25%

 ii) 500 to 649

 10.75%
 iii) (-1)  10.25%
 iv) Hakku Patra upto Rs .15 Lakh  12.50%
 Purpose
  • Acquisition of a house or flat or apartment, new or old
  • Construction of a house on a site or plot of land already acquired
  • Extension or renovation of the house or flat or apartment already acquired
  • Acquisition of an old house and renovation / extension thereof or acquisition of an old house, its demolition and reconstruction.
 Repayment Tenure   Maximum 15 years
 Surety  Minimum one guarantor with sufficient net worth
 Loan Limit  Maximum amount of Rs. 25,00,000/-
 Security  Mortgage of unencumbered immovable property with building, Flat or Apartment belonging to the applicant situated within the jurisdiction of the Bank. In case of direct finance, it should be situated within the territorial jurisdiction of the Branch from where the loan is availed.
 Margin  75% of the Estimate in case of construction or 75% of Registration Value in case of purchase residential building/Flat/Apartment
 Other Terms  Membership is necessary for the borrower and sureties to avail this loan.

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0824 - 2421369, 2445742

MCC Bank Ltd
Mulki Sundaram Shetty Road,
Hampankatta, Mangalore - 575001

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0824-2421369, 2445742

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