Loan Against Property

Beneficiary Any Individuals , borrower should not exceed 65 years at the time on applying for the loan. .
Purpose To offer instant solutions relating to socio-economic needs and Business Needs such as Children's Higher Education, Travel, Daughter's Marriage and Medical Emergencies etc.
Loan Limit Maximum amount up-to Rs. 25.00 Lac. 3 times of the net annual income or 50% of the value of the property, whichever is less.
Rate of Intt 14%
Margin No Margin required.
Repayment Period Maximum 6 years.
Collateral Security 150% of the loan amount.
Area of Operation Loan shall be advanced in the area operation in the Muktsar district.
Remark Scheme is not available till further order as per PSCB Letter no. S.O.CELL/8545-49 dated 06.08.2015.