A dream comes true! An ALL PURPOSE LOAN for anything that life throws up at you!! Do you need funds for a Marriage ceremony, want to take your family to a well-deserved holiday or for a sudden medical emergency? You have some property, but would rather not sell it? Then why not avail of this ALL PURPOSE LOAN from SSSBN?. SSSBN now makes it very much possible for you to only keep your property but also have liquid funds.
Enjoy the SSSBN Advantage:
Property Loan Scheme:
Avail of an All-Purpose loan against mortgage of any of your property. We offer you these loans at all our Branches.
Purpose:
This is an all purpose loan, i.e., the loan can be obtained for any purpose whatsoever.If amount of loan is Rs.20.00 lacs and above then purpose of loan will have to be specified along with an undertaking that loan will not be used for any speculative purpose whatever including speculation on real estate and equity shares.
Eligibility:
You are eligible if you are:
B. Your Net Monthly Income (salaried) is in excess of Rs.12,000/- or Net Annual Income (others) is in excess of Rs.2,00,000/-.
The income of the spouse may be added if he/she is a co-borrower or a guarantor.
C. Maximum age limit: 60 years. Salient Features
Loan Amount:
Minimum : Rs.25,000/-
Maximum : Rs.2,00,00,000/-.
Margin:
We will finance upto 60%-70% of the market value of your property.
Interest:
Term Loan : As per the Interest Rate Chart
Repayment:
Maximum of 120 equated monthly instalments, You could opt to divert any surplus funds towards prepayment of the loan without attracting any penalty. After 4 months of loan availed
Security:
As per banks extant instructions.