MORTGAGE LOAN OTHER THAN HOUSING

 Eligibility  Any person with assured monthly Income acceptable to the Bank.
 Purpose  Development of Dwelling House compound such as construction of Compound Wall, Sinking and repair of drinking water well etc.
 Rate of interest  12.50%
 Repayment Tenure  10 Years
 Surety  Minimum one guarantor with sufficient net worth
 Security  Mortgage of unencumbered immovable property 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  50% of the valuation of property or 75% of the estimate with ever is lower
 Other Terms  Membership is necessary for the borrower and sureties to avail this loan.


  ** Institutional\Organisational Mortgage Loans - 8.50%

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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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