Mortgage Loan
1
PURPOSE
General Purpose
2
ELIGIBILITY
Individuals who are salaried persons/ professionals/ businessmen /NRI /pensioner who have adequate repayment capacity supported by Proof Viz Salary slips/Form 16 and Income Tax Returns
3
QUANTUM OF LOAN
50 % of the value of the security as per the Valuation Report given by the Company’s Panel Valuer
4
INTEREST RATE
14.25%
5
DISBURSEMENT
One lump sum payment
6
REPAYMENT
Upto 10 years
7
SECURITY
Equitable mortgage of the property being financed
8
COLLATERAL SECURITY
On case to case basis
9
STAMP DUTY
As per the prevailing State Govt Act
10
DOCUMENTATION CHARGES
Actuals
11
PROPERTY INSURANCE
Property to be got insured by the borrower or the company to the debit of the loan account.
12
PRE CLOSURE CHARGES
2% of the outstanding liability if the same taken over by other banks/ HFCs
13
CHARGERS
Salaried/Professionals/NRI
0.50% of loan Amount (0.75% if through DSA)
Business class
0.75% of loan Amount (1% if through DSA)
1.Revalidation Charges for Lapsed Sanction :Rs 500/-
2.Cheque /ECS return charges = Actual bank charges+ Rs 200/-
3.Penal Interest =2% p. a. for the defaulted amount for the delayed
period
4.Retrieving of documents from Central Storage facility :
If closed/preclosed : Nil
For any other purpose : Actual to & fro courier charges
5. Any actual incidental charges incurred by CFHL shall be
reimbursed.
Other than the above, No other charge will be collected for regular account.
1
PURPOSE
General Purpose
2
ELIGIBILITY
Individuals who are salaried persons/ professionals/ businessmen /NRI /pensioner who have adequate repayment capacity supported by Proof Viz Salary slips/Form 16 and Income Tax Returns
3
QUANTUM OF LOAN
50 % of the value of the security as per the Valuation Report given by the Company’s Panel Valuer
4
INTEREST RATE
14.25%
5
DISBURSEMENT
One lump sum payment
6
REPAYMENT
Upto 10 years
7
SECURITY
Equitable mortgage of the property being financed
8
COLLATERAL SECURITY
On case to case basis
9
STAMP DUTY
As per the prevailing State Govt Act
10
DOCUMENTATION CHARGES
Actuals
11
PROPERTY INSURANCE
Property to be got insured by the borrower or the company to the debit of the loan account.
12
PRE CLOSURE CHARGES
2% of the outstanding liability if the same taken over by other banks/ HFCs
13
CHARGERS
Salaried/Professionals/NRI
0.50% of loan Amount (0.75% if through DSA)
Business class
0.75% of loan Amount (1% if through DSA)
1.Revalidation Charges for Lapsed Sanction :Rs 500/-
2.Cheque /ECS return charges = Actual bank charges+ Rs 200/-
3.Penal Interest =2% p. a. for the defaulted amount for the delayed
period
4.Retrieving of documents from Central Storage facility :
If closed/preclosed : Nil
For any other purpose : Actual to & fro courier charges
5. Any actual incidental charges incurred by CFHL shall be
reimbursed.
Other than the above, No other charge will be collected for regular account.
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