A Jana Small Finance Bank Loan Against Property to meet your personal needs
The perfect low-interest loan scheme to consolidate your debts
Jana Small Finance Bank Loan Against Property
This loan helps borrowers get access to funds by pledging their residential property to meet their urgent financial needs such as child’s wedding, dream vacation, medical emergencies, home repair/renovation/extension, debt consolidation and so on.
Features of Jana Small Finance Bank Mortgage Loan
Why this Loan?
- The Jana Small Finance Bank Loan Against Property is meant for borrowers who want to avail financial assistance by mortgaging their property to the bank to meet their urgent financial needs other than for capital market, business, trading or speculative purposes
- This loan can also be repurposed into a consolidation loan to pay off high-interest debts
Loan Amount
- The maximum loan amount to be sanctioned under this loan scheme is Rs. 35 lakh
Repayment
- This loan must be repaid within 20 years
Interest
- As of October 2020, the interest rate applicable to this loan may range from 14.00% to 18.75%
Eligibility
- The applicants must be above the age of 18 years and residents of India
- The borrowers should have a good repayment record for the home loan
Security Needed
- The bank asks for the first charge of equitable/registered mortgage of property
Margin Money (Borrower’s Contribution to Total Cost)
- As of October 2020, this information is not mentioned on the bank’s website. Please talk to a representative to get more details
Processing Charges
- The bank charges up to 2.00% of the loan amount for processing this loan
Documents Needed for Individuals (Salaried and Self-employed)
- Loan Application Form duly filled and signed by the applicant and co-applicant, if any
- Two Passport Size Photographs of applicant and co-applicant
- Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
- Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
- Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
- Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
- Income/Banking Proof for Self-employed Professionals/Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan / Form 26AS / TDS Certificate, IT Assessment, etc.
- Property related documents
Reference Facts
- Jana Small Finance Bank Website: www.janabank.com
- Headquarters: Bengaluru, Karnataka
- Call Centre Toll-free Number: 1800 2080