Mortgage Loan

Loan Against Immovable Property (LAP) is a secured loan.  Nidhi companies are allowed to lend loans based on movable or immovable security. Under Immovable security, we lend Mortgage loans to  our members.

Mortgage Loan

Rate of Interest

  • Types of fees
    Charges applicable
  • Loan against Property processing fees
  • Property loan statement charges
  • Penal interest
    If EMI is not paid regularly unpaid interest will be compounded to the principle and interest will be charged on the total amount outstanding at the end of each Month and no additional interest will be charged over existing ROI till the end of the period of the loan.
  • Foreclosure charges


Key Features of Mortgage Loan

  • Complete transparency in operations.
  • Maximum  Loan Amount: Rs. 7.5 Lakhs, subject to value of property.
  • Property Loans are granted only upto 50% on value of the property .
  • Interest rate 15.6 %  PA.
  • Lowest processing charges.
  • No prepayment penalties. You can have pay surplus funds at any time thereby conveniently reducing your loan liability and interest burden.
  • A personal purpose loan against mortgage of your residential and/or select commercial property.
  • Any personal purpose other than speculative purpose.
  • 3 C’s are to be studied while computing selection of borrower; 3 C’s are Character, Capacity and Capital. The borrower and his/ her family has credibility in the society and they are prompt in fulfilling their commitments; he/ she should have the caliber to run the business profitable; he should have capital to run the business and whether he/ she is sufficiently experienced.

Loan Tenure

  • Minimum – 2 Years
  • Maximum – 7 Years (*) Conditions apply


  • Loan application form
  • KYC
  • IT Returns for 3 years
  • Sale Deed or Title of the Property
  • Parent Documents
  • Legal Opinion
  • Encumbrance Certificate
  • Property Tax Receipt for 3 years
  • EB Bill (recent)
  • Patta / Chitta / Adangal
  • Salary Certificate for employees
  • FMB Sketch
  • Statement of Assets and Liabilities
  • Valuation Report

Get a Quote

Now apply for a  Loan online, All you need to do is provide your details in below application form.

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