Non Housing Loans
Brief Terms & Conditions at a glance
Purpose of Loan
Who is eligible
All individuals who are salaried/professionals/businessmen/self-employed//NRI/Pensioners who have adequate repayment capacity
Quantum of loan
a.50% to 60% of the value of the security as per the valuation report given by the company's panel valuer.
Up to 10 years. In deserving cases up to 15 years depending upon case to case basis. If disbursed in tranches, full EMI to start from 3rd month.
Interest rate applicable
Floating rate of interest applicable as given below:
Property mortgaged to be insured compulsorily.
Security for the loan
Depends up on case to case basis.
As laid down in The State Stamp Act of the respective state government.
Note: For details regarding Processing charges, other charges and other Compliances, please contact your nearest branch.