Loan Against Property

Kaushik Nidhi Ltd. provides loan on property only to its registered members. Therefore, it is mandatory to be a member. As per the Nidhi rules, the maximum loan that can be availed on a property is upto Rs 2.0 lakh ( two lakh rupees) or 50 % of the property value.

Terms & Conditions

  • >> Only members can apply for property loan. Loans to the members will be given against the property.
  • >> Avail loan upto to Rs 2.0 lakh.
  • >> Rate of interest on loan against property is 16-18% per annum.
  • >> Tenure of loan shall not exceed 7 years.
  • >> The loan shall not exceed 50% of the value of the property offered as security.

Required Documents

  • >> Identity proof ( Aadhar card, Driving license, Passport, PAN Card, Voter ID)
  • >> Residential proof ( Aadhar card, passport, electrical bill, water bill, telephone bill, house tax)
  • >> Property rate evaluation documents.
  • >> Original Property documents.
  • >> Salary slip/bank passbook of past 2 years.
  • >> Along with above documents complete the application form and submit for further verification and approval.