Corporation Bank Mortgage Loan

Corporation Bank Mortgage Loan - http://www.loansandcredits.in/apply-corporation-bank-mortgage-loan/
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Apply Corporation Bank Mortgage Loan

Apply Corporation Bank Mortgage Loan :- To see how a mortgage loan advance functions, envision obtaining a cash-flow to support a startup or pay for a current business’ development without swearing anything against the acquired sum.[/vc_column_text][/vc_column][/vc_row][vc_row 0=""][vc_column width="1/2"][contact-form-7 id="3155"][/vc_column][vc_column width="1/2"][vc_column_text 0=""]

Apply Mortgage Loan Features

• Loan amount from Rs 3 Lakhs to Rs 1 Crore


• Convenient loan repayment option of 36 to 120 months


• Facility to top-up existing loans


• Best rate of interest 9.5% To 13.5%


• Retailers , Manufacturers , Traders , CA’s and Professionals Anyone can Apply


• Sole proprietorship firms , Partnership firms ,  Pvt. , Pvt. Ltd. , Doctors Anyone Can Apply

What is a mortgage loan?

• To see how a mortgage loan advance functions, envision obtaining a cash-flow to support a startup or pay for a current business’ development without swearing anything against the acquired sum.

How to Get a Mortgage Loan Easily?

• When you apply for a mortgage loans advance in India, it is likely that you are an independently employed individual/contracted bookkeeper, specialist, legal advisor, working in a constrained/private restricted organization or an association/proprietorship firm. The most effortless route be that as it may, to apply for a business credit, is to go on the web and complete your activity in minutes.

What is mortgage loan EMI?

• The full type of EMI is Equated Monthly Installment. It is the aggregate total of cash payable to the moneylender consistently until the point when the credit has been completely returned.  The EMI is figured on three fundamental criteria – credit sum, tenor and the rate of intrigue.

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Loan EMI Calculator

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Eligibility

• Individuals in the age group of 18 - 65 years owning residential /Commercial property / Industrial property, land and/or building,


• NRI, Partnership Firms, Companies , HUF and Trusts are also eligible.


• Close relative/s may join as co applicant/s to supplement repayment capacity. However, maximum of two co- applicants can join to supplement repayment capacity


• In case of Firms/Companies/Trusts/HUF, Partners/Directors/ Trustees/Co- Parceners with regular & independent income may join as Co- applicants to supplement repayment capacity


• Cash accruals/Depreciation also may be added to income, in case of borrowers other than salaried class.


• Loan against third party property/property owned by sister/associate concerns  is strictly NOT permitted.

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Repayment

• Term loan is repayable within the maximum repayment period of 7 to 10 years.


• Running account facility is available for other than salaried class and repayable on demand subject to annual review/renewal.


• EMI/Notional interest of existing and proposed loans shall not exceed 50% to 70% of net income based on income of the borrowers.


• Repayment period shall not exceed retirement age of the borrower in case of salaried class and 70 years of age in case of other than salaried class.

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