FOR PURCHASE OF COMMERCIAL / INDUSTRIAL PLOTS
RATE OF INTEREST: 10% p.a.
FEATURES
- Loan amount will be maximum 75% of cost of plot.
- Loan to be repaid in 180 installments and EMI should not be more than 50% of monthly income of Borrower.
- Applicant should submit all the deposit receipts in connection with the plot.
- Demand letter of the authority.
- All previous loan clearance certificates from other Banks in respect of said plot.
- Tripartite agreement as per authority rules.
- Payment will be made directly to the authority by the bank.
DOCUMENTS REQUIRED
- Applicant must be having allotment letter of plot in his/her/firm/ company name duly issued by concerned authority.
- Borrower should not be a member of any other co-operative bank.
- Two sureties are required.
- Registered mortgage of the plot on the strength of tripartite agreement.
NOTE: RATE OF INTEREST GIVEN ABOVE ARE SUBJECT TO CHANGE