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, Furnishing of House, Marriage etc. |
| Rate of interest | 12.50%* |
| Repayment Tenure | Upto 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 | Maximum permissible amount shall be 50% of the valuation of property or 75% of the estimate ,which ever is lower |
| Other Terms | Membership is necessary for the borrower and sureties to avail this loan. |
| ** Institutional\Organisational Mortgage Loans - 9.50%* | |
| * Floating rate of interest |
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