Mortgage Loan

The Ankola Urban Co-Operative Bank LTD offers a Housing Loan product that can be used like a mortgage for the following purposes:

• Purchase or construction of a new house or flat.
• Purchase of an existing (old) house or flat.
• Extension of an existing house.
• Repair or renovation of an existing house or flat.
• Purchase of a plot and construction thereon.
• Reimbursement of investments already made in housing (for the above points) within the last year.
• Furnishings, furniture, and fixtures as part of the project cost (up to 10% of the house construction or flat purchase cost).

The bank may grant one or more housing loans to an individual if they have the repayment capacity, with a maximum of two houses allowed.

For more specific details regarding eligibility, loan amounts, interest rates, required documentation, and terms and conditions for a mortgage loan, it is recommended to visit the nearest branch of The Ankola Urban Co-Operative Bank LTD.