Do you want to
- Expand your business?
- Get your beloved child married?
- Give better higher education to your children?
- Renovate your dream home?
Let Lakhimi Credit LTD to make your dreams come true through our Registered Mortgage Loan (RML).
Features & Benefits:
- Higher LTV and Loans from Rs.1.00 lakh onwards depending on your needs
- Attractive Interest Rates
- Benefits of lower EMI
- Pay at any of our branches
- Hassle-free documentation procedures
- Great Transparency
- Approval within days
- Flexible re-payment
- Doorstep Service
- Loan for Businessmen, Professionals, Employed persons and Individuals for the marriage of children, higher studies of child, Medical treatment etc. who is having sufficient income to service the loan.
- Loan Against Property – Residential, Commercial, Agricultural
- Loan decided/granted on re-payment capacity and market value of the property.
- Simple and very speedy processing
- Repayment tenure up to 60 months and 84 months
- No Lock-in period of foreclosure
- Part payment allowed.
- Age of the building no bar
- Facility for daily remittance
Rate of Interest
- Interest rate varies from 1.25% to 1.70 per annum
- Property situate in Corporation or Municipality limits
- Service charge @ 1% on the loan amount
- GST @ 18% on the service charge
Property Documents required for registered SINL Mortgage Loan
- Parent document of the property.
- Sale deed of the property.
- Encumbrance certificate for a period of 33 years.
- Up-to-date Property Tax Receipt.
- Up-to-date Electricity Bill & E.B. Card.
- Income proof of all working individuals in the family
- Photo of the Property in an elevated Front view and a Photo covering the inner view.
- Any other document that may be considered necessary after scrutiny.
KYC Documents required for Registered Mortgage Loan
- Proof of Identity – Voter ID, Aadhar Card, PAN Card (Any one).
- Proof of Address – Voter ID, Aadhar Card, Ration Card, Telephone bill, property tax bill, lease deed (Any one).
- Two Passport size photographs.
- Rupees One hundred and ten for Membership Enrolment.
- Rupees One hundred for opening Savings Deposit Account.