Purpose
Sometimes, the borrowers need finance instantaneously and banks take time to process the loan and disburse the loan after documentation. In order to overcome this difficulty, the Bank lends money against the immovable property in the form of Mortgage Loan.
Limit : 20 Lac only.
Period of Loan
As per Lonnie’s requirements.
Rate Of Interest
Please Contact Your Nearest Branch.
Margin
50% of the value assessed by Bank’s approved Architect/ Valuer.
Security
Mortgage of immovable property
Guarantee
One solvent third party guarantee for loan amount above as per Lonnie’s amount.
*Condition Apply