Overview
A Mortgage Loan, also known as a Loan Against Property, is a secured loan facility that allows members to obtain financial assistance by pledging their residential or commercial property as collateral. This scheme enables members to unlock the value of their property and utilize the funds for important financial requirements without selling the asset.
At Rashtrakuta Souharda Co-operative Society Limited, the Mortgage Loan facility is designed to provide members with flexible financing options while ensuring responsible lending practices. By offering property as security, borrowers may avail larger loan amounts and benefit from longer repayment tenures compared to unsecured loans.
This loan facility supports individuals, professionals, and business owners who require funds for personal commitments, business expansion, education, medical expenses, or other legitimate financial purposes. Mortgage loans allow borrowers to raise funds while continuing to retain ownership and use of their property during the loan tenure.
Key Specifications
Please contact the branch for competitive rates based on society lending policies.
Mortgage Loan Highlights
Flexible Collateral
Loan facility available against mortgage of residential or commercial property.
Higher Eligibility
Sanctions based on property valuation and repayment capacity for larger capital needs.
Transparent Process
Simplified documentation and transparent loan processing procedures for all members.
Purpose of the Loan
- Business expansion or working capital
- Higher education expenses
- Marriage or family functions
- Medical treatment or emergencies
- Purchase of equipment or assets
- Home improvement or renovation
- Other genuine financial needs
Eligibility Criteria
- Age: Minimum 21 years
- Tax History: Minimum 3 years IT returns
- Ownership: Must own residential/commercial property
- Membership: Exclusive to Society Members
For more detailed criteria, please contact your nearest branch.
Application & Documentation
Loan Application
Stipulated form with 2 photos (Applicant & Guarantor)
Property Documents
Original title deeds and related property records
Income Proof
Bank statements, salary slips, or business financials
KYC Documents
Identity and Address proofs as per bank norms
Processing Charges:
As per Bank rules
Prepayment Clause:
As per Bank rules
Takeover of Liability:
As per Bank rules