Mortgage Loan

Unlock the potential of your property with our Mortgage Loan offerings. Whether you’re looking to fund personal needs or advance your business, Bhagyalakshmi Mahila Sahakari Bank provides flexible mortgage loan options tailored to meet your requirements. With competitive interest rates and convenient repayment terms, we are committed to supporting you in achieving your financial goals. Explore our mortgage loan solutions and leverage the value of your property to secure the funds you need.

Applicant:

Any individual (single or jointly) can apply for a mortgage loan.

Purpose:

The loan can be used for personal needs or business development.

Loan Amount:

For property mortgage loans up to ₹50.00 lakh.
For property mortgage loans above ₹51.00 lakh.

Rate of Interest:

For property mortgage loans up to ₹50.00 lakh: 12.00%
For property mortgage loans above ₹51.00 lakh: 12.00%

Repayment:

Up to 36 months.

Security:

Registered mortgage of the financed property or property proposed to be furnished.
Two guarantors are required.

Processing Fee:

1.5% of the loan amount.

Share Holding:

2.5% of the loan amount.

Documents Required:

For detailed document requirements, please contact your nearest branch.
Property valuation by a bank valuer is compulsory; the property should not be older than 25 years.
Evidence of the end use of the loan.
For additional documents, check with the branch.

Insurance:

Insurance of the property charged to the bank.

For more information and to apply, please visit your nearest Bhagyalakshmi Mahila Sahakari Bank branch.

Loan Type	Rate of Interest	Takeover and if Renewal rating A grade
(Limit for Property mortgage loan upto Rs. 50.00 lakh)	12.00%	-
(Limit for Property mortgage loan Rs. 51.00 lakh and above)	12.00%	-

Loan Type		Rate of Interest	Takeover and if Renewal rating A grade
Self Help Group		12.00%	-

Loan Type	Rate of Interest	Takeover and if Renewal rating A grade
Engineer, Architect, CA, Tax Consultant, , etc.(For all loan types) without mortgage	10.00%	-
If 100% mortgage then Interest rate	9.50%	-
		-

Loan Type	Rate of Interest	Takeover and if Renewal rating A grade
Engineer, Architect, CA, Tax Consultant, , etc.(For all loan types) without mortgage	10.00%	-
If 100% mortgage then Interest rate	9.50%	-
		-

Loan Type	Rate of Interest	Takeover and if Renewal rating A grade
Loan with and without mortgage for Doctors Loan Upto Rs. 5.00 Lakh Without Mortgage	10.00%	-
Rs.1.00 Lakh to 199.00 Lakh with 100% Mortgage	9.50%	-
Rs.200.00 Lakh to Above with 100% Mortgage	9.50%	-

Dormant Account