Welcome to Common's Man Bank

ISO 9001:2015 Certified Bank (Certificate No. HQM153920)

Renovation of Flat/Property

Purpose: For Renovation of flat / House/ Bungalow for residential use

Interest Rate 9.50%

Loan Limit

Up to Banks exposure limit & Margin

Loan tenure

Maximum 60 months

Security

Mortgage of the residential house / flat/ Bunglow

Processing Fees

1.00% of Loan Sanctioned amount + GST

Other Details

Margin: 25% to 50% of the Valuation of the Property
Guarantors: Minimum one guarantors acceptable to bank having net income and net worth commensurate with the quantum of loan / EMI of housing loan.
Share Holding: 2.5% of the loan amount & guarantor nominal member
Other Charges: Franking, Stamp Duty for Mortgage, Filing & Intimation Mortgage, Legal Fees, property Valuation, Insurance of Property

Documents Required

Income Proof of Applicant(s) & Guarantor(s)
PAN Card of Applicant(s) & Guarantor(s
KYC of Applicant(s) & Guarantor(s)
Property Documents

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