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Personal Loan

Purpose	Purchase/Construction of Flat/Independent Bunglow.
Sanction Limits	Maximum Limit will be as per Exposure Norms.
Terms	Maximum 13 yrs. / Maximum moratorium 18 months or date of possession, whichever is earlier.
Margin	15% for ready possession and 30% for under-construction of Flat/House.
Guarantors	Only two guarantors.
Other Conditions	Valuation to be done by an approved Architect of the Bank. Title Verification to be done by Bank's Advocate. Advance to be given to the extent of 85% of the value. Home / Flat to be insured for full market value with Bank clause. Recovery through Post Dated Cheques / Salary deduction or SI on SB A/c. Registered mortgage of the property and all original title deed to be deposited with the bank. Banks' charges should be noted with the City Survey Office.