Mortgage Loan
Eligibility
Individuals, employees, professionals, self-employed and others who are income tax assessee whose net monthly income is of Rs. 12,000/- for salaried persons or net annual income of Rs. 1,50,000/- in case of others and self-employed.
AGE
Maximum age - 65 years.
Loan Amount
Rs. 1.00 lac to Rs. 50.00 lacs
Salaried Class - Maximum 36 times net monthly income.
Others - Maximum three times the net annual income.
home mortgage loans
Type of Loan
Term loan or current account overdraft
Security
Equitable mortgage of unencumbered residential house / flat or urban commercial or industrial property in the name and possession of the borrower, either self acquired or vacant property. Rented out property will be accepted as security only where lease is in existence in favour of corporation of good standing and repute. Power of attorney authorising the Bank to collect rent should be given.
Margin
50% of the market value of the security.
Period of Repayment
Repayable in 84 equated monthly instalments.
Processing Fee
1.25% of the loan amount (one time)
INSURANCE
The property being mortgaged should be insured against the risk of fire / riot / earthquake / lightning / floods etc.,
Contact your nearest Branch of State Bank of Mysore or
Chief Manager
State Bank of Mysore
Personal & Services Banking Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901 to 22353909 ; 22353473.extn.380
91 80 22353467 Fax: 91 80 22283684
Email: cmpsb@sbm.co.in
Eligibility
Individuals, employees, professionals, self-employed and others who are income tax assessee whose net monthly income is of Rs. 12,000/- for salaried persons or net annual income of Rs. 1,50,000/- in case of others and self-employed.
AGE
Maximum age - 65 years.
Loan Amount
Rs. 1.00 lac to Rs. 50.00 lacs
Salaried Class - Maximum 36 times net monthly income.
Others - Maximum three times the net annual income.
home mortgage loans
Type of Loan
Term loan or current account overdraft
Security
Equitable mortgage of unencumbered residential house / flat or urban commercial or industrial property in the name and possession of the borrower, either self acquired or vacant property. Rented out property will be accepted as security only where lease is in existence in favour of corporation of good standing and repute. Power of attorney authorising the Bank to collect rent should be given.
Margin
50% of the market value of the security.
Period of Repayment
Repayable in 84 equated monthly instalments.
Processing Fee
1.25% of the loan amount (one time)
INSURANCE
The property being mortgaged should be insured against the risk of fire / riot / earthquake / lightning / floods etc.,
Contact your nearest Branch of State Bank of Mysore or
Chief Manager
State Bank of Mysore
Personal & Services Banking Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901 to 22353909 ; 22353473.extn.380
91 80 22353467 Fax: 91 80 22283684
Email: cmpsb@sbm.co.in
Do you need a quick loan? We are offering a loan grant up to 500k Pounds to private and 1m Pounds to corporate companies. All you need is to open and activate an investment account with us. We also offer direct loans at 3% ROI. Get back for more details at - loan.aib.request@hotmail.com
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