Mortgage Loan Scheme

Mortgage Loan Scheme-Providing Term Loan or OD (for business purpose) against mortgage of House/Flat or any other commercial property to the owner of the property

Details

1. Purchase of registered Plot/House.
2. Loan available on mortgage of fixed assets.
3. Term of loan will be minimum 1 year and maximum 8 Years.
4. Repayment in easy monthly/annual instalments.

Declaration

Only members can use our products.
If any person interested in our society product the membership is compulsory.
Our products are only for those members who are resident of our working area.
KYM(Know Your Members) documents are compulsory for membership.
Rules and Regulations are similar for every member.

TERM AND SCHEME

TERM

MORTGAGE LOAN

UMB LOAN (MONTH WISE BUSINESS LOAN REDUCE IRR)

TENURE 12 Months to 36 Months

Loan Amount 20,000/- to 1,00,000/-

Roi – 24 % to 48 % Per annum

Processing fee – 5 %

Share Member fee – 5%

Job incentive – 2-5 % loan Amt