Mortgage Loan
Bijay Finance offers Mortgage loans
Mortgage Loan
Bijay Finance helps you to realize your dream home come true. Bijay finance is direct marketing agency of leading housing finance companies and financial institutions; we assist in providing housing loans, mortgage loans, loan against property to customers. People at Bijay Finance are well versed with the procedures and documentation which will help the customers to achieve their goals.
For more details Contact us on 040 - 27952055 or write to us on info@bijayfinance.com
Apply for LoanFeatures & Benefits
- 1. Upgradation, renovation and extension of residential property.
- 2. For uses associated with home improvement, maintenance/ insurance of residential property,
- 3. Medical, family emergency expenditure, for supplementing pension/other income, meeting any other genuine need other than for speculative, trading and business purposes.
Eligibility:
- 1. Should be Citizen of India above 60 years of age.
- 2. Married couples will be eligible as joint borrowers for financial assistance, provided that at least one of them is above 60 years of age and the other not below 55 years of age.
- 3. Should be the owner of a self- acquired/ inherited, self occupied residential property (house or flat) located in India, with clear title indicating the prospective borrower’s ownership of the property and should be free from any encumbrances.
Independent houses and flats/apartments of a permanent nature having a valid title are applicable. They need to have building approvals from civic authorities and also house properties which may be under construction or completed and ready to occupy.
The security required for a loan would be an equitable or simple registered mortgage of the house being financed. The type of mortgage to be created will depend on the documents of title (ownership) being submitted/made available. After a preliminary examination of the papers submitted by an applicant, our legal officers will advise the type of mortgage that would be required.
Fixed for all customers other than salaried semi-urban class customers:
The rates will be fixed during the tenure of the loan and applicable as prevalent on the date of 1st disbursement, subject to revision every 3 years depending on the money market conditions.Variable for salaried semi-urban and urban class customers:
The rates will fluctuate as per the money market conditions and will be notified from time to time.
Based on your repayment capacity, the loan can be repaid in monthly, quarterly or half yearly equated instalments by way of EMI/ EQI/ EHI comprising of principal and interest.
Repayment of the loan can be made by cash /cheque /demand draft at any of Bijay Finance offices. Repayment can also be made at collection centres approved by Bijay Finance.
The loan can be paid ahead of schedule and Bijay Finance will not levy early redemption charges.
