COMMERCIAL / INDUSTRIAL PLOTS LOAN

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