Pusad Urban Bank
Sanction Limits
  • Maximum limit Rs. 10 lakh or 4 times net annual income which ever is less.
  • Term loan upto 65% of valuation by panel valuer.
  • Only two guarantors.
Other Conditions
  • 3 years I.T. returns along with Balance Sheet and Profit & Loss account and last 6 months Bank statement.
  • Property under HUF, in Joint name and HIBA not allowed.
  • Certificate of the Architect to be obtained as regards the life of the property and valuation.
  • Registered mortgage with deposition of title deed.
  • Property to be insured for its present market value with Bank clause.
  • Banks' charge should e noted with City Survey Office.
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