Friday, May 30, 2008

ANDHRA BANK -MORTGAGE LOAN

FINANCE AGAINST HOUSE PROPERTY

Nature of the Scheme Loans to individual against immovable property.

Eligibility Any individual holding house/ flat in their name.

Age Should be between 21 to 60 years.

Quantum of Finance For Salaried Persons: 10 times of gross pay/ Pension for salaried.

For Non Salaried Persons: Based on IT returns and repayment capacity.

Repayment Maximum: 60 months (EMI)

Interest rate As applicable on the date of loan.

Co-obligation Any third party acceptable to the bank.

Security Mortgage of House/ Flat

Charges Processing and service charges as applicable.

Other Terms and Conditions apply.

This is not meant to be a prospectus. This is only a gist of the salient features. For further details and other conditions, contact your nearest Andhra Bank Branch.

No comments: