To obtain a loan from Urmodi Sahkari Patsanstha Maryadit, the borrower must enter into a property pledge agreement, which includes various terms and conditions. Based on this agreement, the borrower is approved for the collateral loan amount.
Large amount
Property mortgage
Use of funds as needed
Expedited approval
Long-term loan
Deposit Certificate or Passbook.
Bank Account Statement for the last 6 months.
Proof of Property Collateral
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Details of any loans taken previously.
Gas bills, electricity bills, or rental agreements.
Aadhaar Card, PAN Card, Driving License, Voter ID Card.
A collateral loan is a loan provided against your property. You can take a loan by pledging your property as collateral.
You can receive a loan of up to 70% to 90% of the value of your property.
The repayment period for the loan is typically between 12 to 60 months, but you can adjust it to be shorter or longer based on your needs.
After completing all the required documentation, loan approval is granted within 7 to 15 working days.
The interest rate for a collateral loan depends on the type and amount of the loan, as per the guidelines. The rate is relatively lower.
The loan amount can be used for any personal, business, or educational needs.
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