Mortgage Loan

  • Any purpose including repairs & renovation of buildings, marriage, education, household festivals / functions, medical or any bankable purpose other than speculative
Age of applicant
  • Entry age is 18 years and exit age is 60 years
  • Salaried: Minimum three years of Service (Including previous employment / experience) & confirmed in present employment
  • Business: Last three years IT Returns
Take home pay
  • 40% of Gross pay as Net Take Home Income post all EMI deductions (existing and proposed) should be available
Loan amount
  • Min. ₹1.00 lakh
  • Max. ₹200.00 lakh
Security/ Margin
  • 50% on Realisable Sale Value (RSV) of SARFAESI compliant immovable commercial / residential property offered as security.
Rate of Interest
Period of Loan & Repayment
  • 84 EMIs - No holiday period
Processing charges
  • 1.20 % of limit sanctioned
How to apply
  • Please contact nearest Tamil Nadu Grama Bank’s Branch for more details