Real Estate Mortgage Loan

Maximum amount ₹25.00 lakhs

Tenure of the loan: 120 months

Rate of interest: 11.50% -12.00% p.a

Know About

Real estate Mortgage Loan

A real estate mortgage loan, commonly referred to as a mortgage, is a type of loan used to finance the purchase of real property, such as a home, land, or commercial property. It is a secured loan, meaning that the property being purchased serves as collateral for the loan.
  • Multiple purpose uses allowed
  • Lower interest rate
  • Longer tenure of repayment
  • Continued use of property.
  • Quick approval of loan
  • Tax benefits
  • No prepayment/foreclosure charges.
  • Must be citizen of India.
  • Minimum CIBIL Score of the borrower should be 650.
  • The prospective borrower/s should be a customer of our Bank and should comply with KYC norms..
  • Salaried/Self-employed/Pensioners can avail loan..
  • Sufficient source of income for EMIs..
  • Amount of Loan: upto ₹25.00 lakhs
  • Tenure of the loan upto 120 months
  • Low processing charges
  • Low EMI.
  • No documentation charges
  • CIBIL based rate of interest
  • Rate of Interest: 11.50% -12.00% p.a

Other Loans

Sahakara Mortgage Loan
The Bank Finance Housing Loans for House construction/purchase,repairs/modifications etc.
Secure Over Draft Loan
To generate employment opportunities in rural as well as urban areas through setting up of new self-employment

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    What is a mortgage loan?

    A mortgage loan is a type of loan provided by banks or financial institutions to individuals or businesses to finance the purchase of real estate property, such as a house or land. The property being purchased serves as collateral for the loan.

    How does a mortgage loan work?

    When you take out a mortgage loan, the lender provides you with a certain amount of money to buy the property. You then make regular monthly payments, which include both the principal amount borrowed and interest, over a specified period (loan tenure) until the loan is fully repaid.

    What is the loan tenure for a mortgage loan?

    Mortgage loan tenures can vary, but common options are 15, 20, or 30 years. The length of the loan tenure affects the monthly payment amount and the total interest paid over time.