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Sahakara Mortgage Loan

Sahakara Mortgage Loan Overview

Whatever your financial goal may be – starting a business, planning a dream wedding, investing in education, managing healthcare expenses, or consolidating higher-interest debts – APCOB Bank’s tailored financing solutions are here to support you. Experience the convenience of our competitive loan options and take the first step toward achieving your aspirations.

Eligibility

All individuals who can enter into contract within the age of 21 to 60 years.

Above 60 years his/her spouse shall join as co-applicant.

Sufficient source of income

Monthly credits in the accounts

Minimum CIBIL score of the Borrower should be 650.

Features & Benefits

Amount of Loan: up to ₹5.00 lakhs

The limit can be sanctioned and released for takeover of the loans availed by the customers against mortgage of property from other Banks/ Financial Institutions and also Top-up Loans.

Tenure of the loan: Sanctioned for a period of 1 year.

The SRA value of the property shall be 100% of loan limit or the Market value (by Approved Valuer) of the property shall be 150% of loan limit - whichever is lower.

Can avail loan for meeting Business/ Marriage/ Education/ Health/ Repayment of higher interest obligation

Longer tenure of repayment

Continued use of property

Quick approval of loan

Tax benefits

No prepayment/foreclosure charges

Interest Rate
Interest Rates
  • 12.00% p.a.
Mortgage Loan Services
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Real Estate Mortgage Loan

APCOB Bank Finances REML Loan easy to open and simple to use.
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Sahakara Mortgage Loan

APCOB Bank's tailored financing solutions are here to support you
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SOD against mortgage of property

Overdraft facility against security of urban immovable property located in CRDA and TUDA
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    FAQs

    1. What is a mortgage loan?

    A mortgage loan is a type of loan specifically used to purchase real estate. In this arrangement, the property being purchased is used as collateral to secure the loan.

    2. What is the difference between a mortgage lender and a mortgage broker?

    Mortgage Lender: A mortgage lender is a financial institution or bank that provides the funds for the mortgage. They lend you the money directly. Mortgage Broker: A mortgage broker is an intermediary who connects borrowers with mortgage lenders. They help you find the best mortgage deal from various lenders.

    3. What factors determine my mortgage interest rate?

    Several factors influence your mortgage interest rate, including your credit score, loan amount, down payment, loan term, and current market conditions.

    4. What is a down payment, and how much do I need to put down?

    A down payment is a portion of the home's purchase price paid upfront. The amount varies but is often between 3-20% of the home's price. A larger down payment can often secure a lower interest rate.

    5. What is mortgage pre-approval?

    Mortgage pre-approval is a process where a lender evaluates your financial information and creditworthiness to determine how much they're willing to lend you. It gives you a clear understanding of your budget when house hunting.