MAHESH BANK

Mortgage Loans

LOANS AND LIMITS AGAINST IMMOVABLE PROPERTIES

Mortagage Loans , Overdraft against other securities, Mortagage Loans and rent securitisation scheme.

ELIGIBILITY

  • Individuals / Proprietary / Partnership Firms and joint stock companies are eligible under the scheme.

SECURITY

  • Primary :
    • Immovable property other than agriculture land.
    • Future rent receivables.
  • Collateral:
    • Personal Guarantee of third party and / or owners of properties offered as security

MARGIN

  • On Purchase / Construction of Open Plot / Commercial Property – 25% to 50%
  • On Sale consideration OR Distress Value of the property - 30% to 50%
  • On rent receivables – 10% to 20%

RATE OF INTEREST

  • Different rates upto 10 lacs and above 10 Lacs.

PURPOSE

  • Under rent securitisation scheme
  • For Business Development
  • Other purposes.

AMOUNT OF FACILITY

  • Minimum 0.50 lacs, Maximum depending up on the scheme and constitution of the applicant as under:
    • Individuals / Proprietary Firms Rs 1000 lacs
    • Partnership firms , Trusts, Societies – Rs. 1000 Lacs
    • Public / Private Limited Companies – Rs. 1500 Lacs

REPAYMENT / VALIDITY PERIOD:

  • Limit 12 months
  • Loan maximum 120 Months including moratorium period.
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