State Bank Of Bikaner And Jaipur Loan Against Property

I want to apply for loan in State Bank Of Bikaner And Jaipur against Property so can you provide me the details of loan?

State Bank Of Bikaner And Jaipur provide Mortgage Loan against Property.

SBBJ Mortgage Loan-

An all purpose loan.

Unlock the potential in your property by availing a Loan Against Property.

A loan given against the security of your existing property.

Enjoy the benefit of lower interest rates as interest rates on Mortgage Loans are generally lower than rates on other consumer loans

Purpose -
General purpose loan either as TL or OD (Reducing DP)

Eligibility -

Permanent employees, self employed, professionals, NMI min. Rs.25000/-
Businessmen, agriculturists Annual income Rs.300000/-

Age
60 years (65 in special cases)

Loan Amount -

Minimum - Rs.1.00 lacs
Maximum - Rs.100 lacs

EMI/NMI not to exceed 60%
OR
75% of the market value/ realizable value/DLC Rate of the Property whichever is the lowest.

Margin -

25 % on DLC/ realisable value of the property (which ever is lower)

Repayment -
EMI 84 -120 months
Repayment to be completed by the time the borrower reaches 70 years

Security -
Equitable mortgage of immovable property
Third party property can be mortgaged in certain cases.
PDCs for EMI

Processing Fee -
1.15% of loan amount

Customer service: 1800 180 6005

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Answered By StudyChaCha Member