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.

Guarantors

• 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.