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REGULAR PLUS
 

A new scheme under the name “REGULAR PLUS” i.e a Term Loan to existing customers of our bank who have availed Housing Loan / SVC office Mortgage Loan & are regular in their repayments.

The aforesaid scheme is being launched with basic and primary idea to fulfill urgent & unforeseen needs of our existing valued patrons/customers.

The details of the Scheme are as follows;

 

REGULAR PLUS+

1

Borrower (Person who can borrow)

Existing customers of our bank who have availed Housing / SVC Office Mortgage Loans & repayment in these accounts are regular for the last 2 years.

2

Limit

Maximum Rs.10,00,000/-

3

Processing charges

0.50% + Service Tax   Legal & Documentation Charges – On actual basis

4

Purpose

For any legitimate purpose but not for speculative activities.

5

Security

Extension / Linkage of charge over existing immovable security under Housing / SVC office mortgage loan.

6

Moratorium

NA

7

Margin

Overall 40% On the fare ‘Valuation’ of the immovable security (including margins of existing Housing / SVC Office Mortgage loans) at the time of considering such loan.

8

Repayment Schedule / Tenure

Maximum 60 months (however the tenure of this loan should not exceed the due date of earlier housing / svc office mortgage loan for which the immovable security is primary security) 

9

Prerequisites

  1. Application form & latest photographs of borrowers
  2. Latest income papers
  3. Latest KYC documents
  4. Latest Valuation report from bank’s approved valuer
  5. Repayment in the existing loan accounts should be regular for last 2 years.  
  6. NOC from the guarantor/s (if any) for the existing housing / SVC Mortgage.
  7. Document to confirm the end use of bank finance, depending on the purpose of applied loan.

10

All other Terms & Conditions – as applicable to Regular Plus+ loans.

*Conditions Apply

 
 
 
 
Monthly Payment EMI:

Rs.
* Conditions Apply
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