You can disburse and repay the loan as per the requirement up to the loan limit
Interest will be charged only on the balance application amount.
Real mortgage loans are term loans for self employment, retail trade, small scale industries, large scale industries, for business growth, working capital and other types of prescribed purposes
For this loan, real estate, movable property, machinery, raw material, finished goods, bills for sale, personal land mortgage, loan in personal name, partnership organization, and company name will be given.
The photo of the borrower and the landlord must be on the loan application
Last 3 years balance sheet of the borrower, profit sheet (must be certified by CA) and salary card of the landlord, tax return of last 3 years (must be certified by CA)
Ration card of borrower and landlord, Aadhaar card , PAN card, light bill, voting card
Bank passbook of last 6 months of borrower and landlord
Certified copy of society / apartment registration certificate
Relevant Certificate of Society Membership
Certificate of Original Agreement and Original Receipt of Registered and Stamped Duty, Map Copy
License to be issued by Municipal Corporation / Municipality or concerned Authority Certificate that the land does not fall under the Maximum Civil Land Retention Act as well as sub-register of last 15 years of registration and attorney's certificate of Revenue Record Inspection
Consent form no objection to imposition of burden on the mortgaged property
Letter from the mortgaged society / apartment All documents related to mortgaged property.