Purpose: Any purpose.
Maximum limit: For Individual Site/House/Building – Rs.20.00 lakhs
For institution: Rs. 500.00 lakhs.
For Site 100% of Government value and for Building 50% of the value appraised by the valuator of the bank.
Term: 10 Years/ 120 monthly Instalments for individuals
15 Years/ 180 monthly instalments for Institutions
Security: Site/House/ Building should be mortgage to Bank. In addition 2 local personal sureties should be provided having sufficient fixed assets.