Cent Mortgage

Purpose

All personal needs and not for speculative, real estate capital market activities or any activity prohibited by law.

Target Group

Eligibility

Minimum Age - 21 years.

A. Term Loan:
Maximum 75 years of age at End of tenure of loan or till Retirement for Salaried employees

B.Over-draft limit:
(Applicable for Review/Renewal with reducing balance of existing limit only)

Income:

Minimum Gross Annual Income should be Rs. 12.00 Lakh

Nature of facility:

Term Loan only

No fresh Overdraft Facility to be allowed, only review/renewal/with reducing balance of existing account is permitted.

Rate of Interest: Please click here to know our latest interest rates

Max Tenor

Quantum of Finance: Min 5 Lakh ; Max 750 Lakh

Property located in Metro & Urban Branches
Property located in Semi urban Branches in the State of Goa

Security:

EM/Registered mortgage of non-encumbered and self-occupied residential property situated in Metro/ Urban/ Semi Urban centres (Goa State only) where title deeds can be mortgaged for purposes other than agriculture, in the ownership and possession of principal borrower either self-occupied.
Agricultural land/ vacant plot/ commercial/ Industrial property not allowed
Properties of only spouse can be accepted as collateral provided the spouse is the co-borrower
Property should not be inherited or by gift deed or by partition deed