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Whats New

  • RBI grants Authorised Dealer – category II for retail forex license to Apna bank
  • BSI certifies Apna Bank with the upgraded ISO 27001:2013 cerification for information Security
Apna Mortgage Loan


APNA MORTGAGE LOAN
Purpose Requirement for repairing / construction / purchase of old house on pagadi  / Repayment of outside loan / Business Expansion / Working capital
Who can Avail this Loan Any account holder who is a Salaried employee / Businessman / Professional with repaying capacity 
Loan Features

Maximum Limit : Up to Rs.10.00 Crore 

Repayment Period : Maximum 120 instalments

Eligibility : 50% of Market Value of the security offered. 

Margin : 40% to 50% of valuation

Primary Security : Residential Flat / Shop / Industrial gala

Collateral Security : a. L.I.C
                                  b. N.S.C
                                  c. Kisan Vikas Patra
                                  d. Fixed Deposit. Recurring Dep.

Rate of Interest

13.50%

Rate applicable for Loans sanctioned and Disbursed after 1/02/2017 

Documents required
  1. Duly filled Loan form
  2. Account Statement / Passbook for verification
  3. Other Bank account statement if any
  4. Three Photograph of Borrower & Guarantors
  5. Income proof for last three years if businessman / current 3 months payslips if salary earner, form no 16 of last year
  6. Ration card of borrower and Guarantors
  7. Aadhar card of borrower and Guarantors
  8. Electricity Bill of borrower and Guarantors
  9. Maintenance receipt
  10. (point 6,7,8,9 bring originals for verification)
  11. Shares – Borrower and guarantor
  12. NOC letter from society/ Builder/ MHADA / CIDCO
  13. Agreement for sale / Allotment letter/ from builder/ MHADA / CIDCO
  14. Creation of charge letter.
  15. Share Certificate
  16. Valuation report of property.
Charges

       1. Share 2.5% of the Loan amount above 1 Lakh
       2. guarantor's share of Rs 1000/- each
       3. Service Charges 1% of loan amount Min 125/-
       4. Franking – 800/-
       5. Visit Charges – Rs.300/- to Rs 10000/-
       6. Scrutiny charges – Min – 400/- Max 50000/-
       7. Cibil Report – Consumer – 200/- Commercial - 1500/-
       8. Cersai Report – 200/- 
       9. Mortgage draft typing charges Max Rs. 1000/-

Positive Points
  • No Pre-payment charges
  • Fixed rate of Interest
  • Daily reducing balance
  • Repayment in addition to fixed instalment can be made without any charges