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.