Advancing loans for discharge of prior debts on the Mortgage of houses upto a maximum of Rs. 15, 00,000/- Lakhs in Corporation area and Rs. 10, 00,000/- in Municipal areas and Rs. 7,00,000/- other than Corporation and Municipal areas.

Interest calculated on monthly rests.

Terms & Conditions :

• Loan Expenses as fixed by the society will be collected at the time of filing application.
• 7% of the Loan Amount will be deducted as share capital at the time of Disbursement
• 1% Registration Charge to be remitted at the Sub-Registrar Office at the time of registration of Mortgage Deed
• Half Percent of the Loan Amount will be collected as one time Service Charge at the time of Disbursement

Benefits :

• Stamp Duty exemption for executing mortgage deed.
• No hidden service charges
• Excess payment options to be credited to loan principal amount for the month

Documents required to get Mortgage Loan

• Applicant photo
• Photo of the House
• Family Photo
• Ration Card Xerox
• Age Proof
• Income Certificate
• Electricity Card Xerox
• Bank Pass Book Xerox
• Rent Receipt
• Corporation Tax
• Patta
• Sale Deed
• Parent Document
• Encumbrance Certificate
• Building Plan with Key-plan
• Building Valuation Certificate