Mortgage Loan - Your Trusted Financial Solution

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Purpose of Mortgage Loan

A Mortgage Loan may be availed for:

- Purchase of residential or commercial property

- Business expansion or investment

- Working capital requirements

- Debt consolidation

- Construction or renovation of property

- Any lawful personal or business financial need

Eligibility Criteria

A. Individual Applicants

- Age between 21 to 65 years (at loan maturity)

- Ownership or intent to purchase eligible property

- Stable income source (salaried or self-employed)

- Satisfactory credit score (generally 700+ preferred)

- Acceptable debt-to-income ratio

- Clear legal and marketable title of property

B. Business Entities (Proprietorship / Partnership / Pvt. Ltd. / LLP)

- Minimum 2–3 years of business operations

- Stable turnover and profitability

- Proper statutory registrations and compliance

- Satisfactory credit profile of promoters

- Eligible property for mortgage

Documents Required for Mortgage Loan Application

A. KYC Documents

- Duly filled and signed application form

- PAN Card (Individual & Business, if applicable)

- Aadhaar/ Valid Identity & Address Proof

- Passport-size photographs

B. Financial Documents

- Salary slips (last 3 months) – for salaried applicants

- Income Tax Returns (last 2–3 years)

- Bank statements (last 6–12 months)

- Audited financial statements (for business applicants)

- Existing loan statements, if any

C. Property Documents

- Sale Deed / Agreement to Sale

- Title Deed & Chain Documents

- Encumbrance Certificate

- Approved Building Plan

- Property Tax Receipts

- Legal & Valuation reports (as required by lender)

Key Features & Considerations

- Loan Amount: Generally up to 60%–75% of property value (as per lender norms)

- Tenure: Typically up to 15–25 years

- Interest Rates: Competitive and usually lower than unsecured loans

- Processing Fees & Charges: Applicable as per lender policy

- Subject to legal, technical, and credit appraisal

Important Note

Approval of a Mortgage Loan is subject to satisfactory credit evaluation, legal verification of the property, and lender’s internal policies. Loan eligibility and final sanction terms may vary depending on the applicant profile and property valuation.