What moratorium period is offered on Catholic Syrian Bank Housing Loan?
The maximum moratorium period or holiday period is 12 months long after disbursal of loan amount.
Is security or collateral mandatory to avail the loan? If yes, what are the requirements for it?
Yes, security is mandatory to avail the loan. The mortgage of land and building to be constructed or purchased is acceptable to the bank.
What property related documents do I have to provide for the home loan?
Following of the property related documents needs to provided with the loan application –
Do I have to pay any charges for documentation? If yes, how much do I have to pay?
Yes, documentation charges are necessary to be paid on availing of Catholic Syrian Bank Housing Loan. A charge of Rs. 500 will be levied for documentation on the borrower at the time of loan application.