LOAN AGAINST PROPERTY SCHEME The scheme will cover the credit requirements of all categories of borrowers who could satisfy the Bank about their repayment capacity; either having a regular source of income or having adequate surplus generation from the activity to be undertaken with the loan proceeds.
LOAN AGAINST PROPERTY SCHEME EMI Calculator Loan Amount 1L 5Cr Tenure (months) 12 360 Interest Rate 6% 18% Equated Monthly Installment (EMI) will be 8606
HPSCB Loan : Features Loan against mortgage of property for any legitimate purpose Property should be purely commercial in nature Quantum of loan : 50% of the value of the property or Rs 40 lakh (whichever is lower) Repayment period – Maximum 10 years (including moratorium period if required for productive activity).
HPSCB Loan : Eligibility Individuals/Firms/Companies/trusts/Partners/Trustees/Societies etc who are having immovable property in Himachal Pradesh. Non defaulters of our Bank/ affiliated Societies / any other financial institution. Age: 18 years to 60 years. Employee : Gross monthly income should be more than Rs.20000/- Non-Employee : Gross annual income should be more than Rs.250000/- Guarantor: One guarantor upto Rs. 20.00 lakh. Two guarantors above Rs. 20.00 lakh. Societies: Share linkage in the ratio of 1:10
HPSCB Loan : Documents Pre-sanction documents Income proof. Valuation report by registered valuer. Search report of the property. Guarantor statement. Project Report, in case of Productive purposes. No dues certificate from local banks / affidavit.
