Banner Mansa Central Cooperative Bank

IFSC Code: UTIB0SMSA01 | Latest Scheme: |




      Rural Housing Loan


Beneficiary
Individuals & members of coop. Housing Societies.

Purpose
Purchase of built up house, construction of new house, repairs/Renovation and addition of existing house in rural house

Loan Limit
Maximum amount up-to RS. 15.00 lakhs with 15% margin at least.

Rate of Interest
10.50%

Repayment Period
Maximum 15 years

Collateral Security
Agricultural Land for the value of the 100% of the loan amount besides the Mortgage of house to be financed by the bank.


      Urban Housing Loan


Beneficiary
Individuals and Members of Coop. Housing Societies.

Purpose
Purchase of built up house or flat, construction of new house, repairs/renovation and addition of existing house in urban house.

Loan Limit
Maximum amount up to RS. 25.00 lakhs.

Rate of Interest
10.50%

Margin
25% at least.

Repayment Period
Maximum 15 years.

Collateral Security
First mortgage of House Property to be financed by the bank