Secured Property Loan

  • Last three years balance sheet, copy of income tax return, copy of Partner/ personal return , Memorandum and Article of Association in case of limited company, resolution for loan application.
  • Tax bill of Property.
  • Two photographs of Applicant.
  • Business proof of Applicant.
  • Applicant-Pan card / Partner- Pan Card / Limited Company- Pan card.
  • Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.

Guarantor Details :

  • Photograph- One copies
  • Last tax bill
  • Last income tax return copy
  • Address proof - electric bill /telephone bill (any one) As per KYC norms
  • Photo proof - Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms
  • Copy of PAN Card.

Conditions :

  • Applicant has to provide collateral security to the tune of 70% of the limit by way registered mortgage declaration of residential premises, office, shop, godown, shed etc.
  • Insurance of mortgage property to be taken in favour of bank by the applicant.
  • Original documents such as share certificate, Sale deed, Tax receipt allotment letter are required for registered mortgage of the property.
  • Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
  • The applicant has to provide two guarantors.
  • Limit is subject to renewal after 12 months.
  • Applicant has to take share @ 2.50 % of the  limit.