Mortgage Loan

Our Mortgage Loan assures you hassle free finance whenever you need it. Being a broad-spectrum loan, it can be availed for life’s unforeseen circumstances. When you face the need of funds for the marriage of your beloved daughter, want to take your family for a holiday or for a sudden health emergency, our mortgage loan comes to your rescue. If you have some property, but would rather not sell it, then you can definitely go for this LOAN FOR ALL PURPOSES. Our bank now makes it very much feasible for you not only to only keep your property, but also have liquid funds by using it as collateral.


  • Member of the Belgavi Shree Basaveshwar Co-Operative Bank Ltd.
  • Holding either single account or joint account with other family members’ viz., father, mother, wife, son or daughter with regular source of income.
  • Individuals who may be employed/self-employed in business having regular income.
  • Permanent employee of Central/State/Defense/Police Force/Public or Joint Sector Undertaking/reputed firms/established Educational Inst/Professional/Businessmen having regular income.

Purpose of Loan

  • Up-gradation, renovation and extension of residential property.
  • To meet the Education of Child.
  • For expansion of existing business or begin a dream venture.
  • Meeting any other genuine need as may be specified by the Borrower and agreed to by the Lender.

Budget of Finance

  • Need based finance and repayment capacity.

Repayment Details

  • By EMI
  • The maximum repayment period should not exceed 7 years

Other Features

  • No prepayment penalty
  • Insurance facility against Personal Accident (Death)
  • Flexible repayment schedule
  • Interest on a daily reducing balance basis.

Criteria for Loan Sactioning

  • Application in Prescribed form
  • Two photographs of Borrower and Guarantors
  • Address proof of Borrower and Guarantors (copy of Ration Card, Election card, Telephone bill, Driving License etc.)
  • Income proof, Copy of Income Tax Return, Financial Statement of the Firm, Sales Tax returns etc.
  • Profile of Guarantors.
  • Loan should be guaranteed by two financially sound Guarantors having net individual worth twice the loan amount.
  • 7/12 (Right of Records) or CTS extract of property to be offered for mortgage, Map of the Property, Khada Khod Utara issued by the authority.
  • NIL Encumberance certificate for 14 years.
  • Original Title deed of the property.