Product Overview
- Ready Constructed Properties such as Flat / Shops / Office Premises
- Properties could be Self Occupied /Rented/ Vacant.
- End use of the funds are generally not monitored by the Financial lender and it could be utilized for any kind of family may be Medical Treatment, Business Expansion, Higher Studies and any other.
Funding
Maximum funding Limit is Restricted to 70% of the Assets Value.
Criteria
Applicant can apply Loan on his Individual capacity as well as he could jointly take other Property Owners as Co-Applicant.
Quantum
Maximum Tenure of 15 Years depending on the other parameters as well as restricted to Bank’s Policies &other criteria norms.
CIBIL Score
Financial Institutions and Banks will check the Credit Report which is downloaded from Credit Bureau of India Ltd website to understand the applicant’s & co-applicant’s past repayment history and also to understand the existing Loan obligations serviced by the Individual. Based on this past History and Loan Obligations, the Financial Institutions finally appraise the said proposal for final sanctioning. Based on the Cibil score, the final Loan interest rates could also vary.