SLNCB - Mortgage Loan Scheme

Purpose
Mortgage of the House

Eligibility
Should be a Shareholder of the Bank.
Salaried Employees / Businessmen/Professionals and Individuals with proven source of Income having property pertaining to "A" khatha for Mortgage.

Nature of facility
Term Loan

Quantum of Loan minimum / maximum Limit
Maximum 1.50 crores

Rate of Interest
A Khatha 0 to 1.5 crores - 10.50%
B Khatha 0 to 1.5 crore - 11%

Guarantor
N/A

Security
"A" khatha property with in the limits of BDA and BBMP
"B" Khatha property within limits of BDA and BBMP (Max Loan amt 75% S.R Value or 1 crore which ever is less)

Processing Fee / Other Charges
0.5% on loan amount + Share -> 2.5% of Loan Amount + Share Fee -> 10 % on Share Amount + GST

Moratorium Period
N/A

Repayment Period
180 Months

Insurance
0.05% on loan balance amount