Area of Operation - Loan shall be advanced in the area operation in the Gurdaspur district.
Beneficiary |
Any Individual residing in and having a self occupied immovable property in an urban area (within municipality limits) |
Purpose |
To offer instant solutions relating to socio-economic needs and business needs such as children’s higher education, Travel, daughter’s marriage and medical emergencies etc. |
Loan Limit |
Maximum amount up to RS. 25.00 lakhs or 50% of Govt. Value of property or 3 times of net annual income whichever is less. |
Rate of interest |
14% |
Margin |
No Margin required |
Repayment Period |
Maximum 6 years. |
Security |
Mortgage of property in favour of bank. |