Individual or Business entities (Proprietorship/ Partnership/HUF /P. Ltd. / Public Ltd. companies)Owners commercial /residential premises or one who can offer 3^rd party assets as security.

Depending upon the purpose, end-use, repayment capacity maximum amount of Loan sanctioned will depend on age of property as follows: The eligible amount for the loan against immovable property is to be arrived on the basis of 70% of the market value certified by the panel valuer and Ready Reckoner (RR) value of the property + 20% whichever if less.
In cases of where NOC from CIDCO if not available immediately, the eligible amount for the loan against mortgage of immovable property is to be arrived on the basis of 65% of the market value certified by the panel valuer and ready reckoner (RR) value of the said property + 20% whichever is less

Regd/Equitable mortgage of the property The eligible amount for the loan against mortgage of immovable property is to be arrived based on 70% of the market value certified by the panel valuer and ready reckoner value of the said property + 20% whichever is less.

Two guarantors acceptable to Bank with duly filled and signed consent letter, KYC, Photographs, Bank Statement and Income proof.

a) Application in prescribed format
b) Photographs of borrower & guarantors
c) PAN CARD ( MANDATORY)
d) CIBIL Report for Borrowers & Guarantorse
e)  Address proof: Passport / telephone / electricity bill, Ration card/ Voter identity card (Any one)
f)  Identity proof: Passport / Voter identity card / PAN Card / Driving License / Adhar Card (Any one).
g) Income proof :-
For Salaried Person:-
1) Last 3 months’ Salary certificates,
2) Last 3 Years Form-16 & IT Return copies
3) 1 year Latest Bank Statement (Salary A/C)
For professional & self-employed Businessmen :-

 

1) Copies of audited Profit & Loss A/c & Balance sheet of last 3 years
2) I.T. Return copies for last 3 years,
3) 1 year latest Bank Statement

h) Income Tax Return/Assessment order for last 3 years
i) Valid Shop & Establishment Registration copy, Drug license, Tax registrations, rent paid receipts etc
j) Regd Deed of partnership/Memorandum & Articles of Asscn (Also copy of Form 32 if there is any change of Director)
k) Copy of Board Resolution
l) Copy of registered sale agreement of the property to be mortgaged, with chain of documents if any.
m) Search report/ valuation report
n) NOC from builder / Society / CIDCO / MHADA / Competent Authority.
o) Original share certificate
p) Consent letter & financial papers of guarantors
q) Position of Statutory dues
r) Pre Sanction Visit report of residence, work place and security offered to be held on record.
s) Strict Compliance of “ KYC” Norms

0.50% of Loan Amount upto Rs. 2,00,000/- plus GST
1% of Loan Amount above Rs. 2,00,000/- plus GST (Maximum processing fees should not exceed Rs. 50,000/- excluding GST)
Subject to change as advised from time to time.