Land Mortgage Loan

Eligibilty:

A Class members & E class associate members having A) Salaried individual with confirmed service   B) Business having an established Artisan   C) An individual who is an income tax assessee.

Purpose of Loan:

Land purchase/ Business purpose

Limit per Borrower:

Up to 75% of the Land value. subject to a maximum of Rs.30 Lakhs for new vehicle.

Primary Security:

Original Document of Land/ Building

Guarantors:   

One guarantor  (having good financial standing)

Repayment Period:     

Minimum 5years, Maximum 15years (According to sanctioned amount as per slab)

Rate of Interest:

12.75% (With effect from:15-11-2022)

Shareholding:

2.5% of sanctioned Loan Amount