Mortgage Loan

The following are eligible:

• Individuals
• Proprietorships
• Registered Partnership Firms
• Private Limited Companies
• Public Limited Companies

Yes. Mortgage loans can be used for business purposes such as working capital, expansion, or equipment purchase—subject to submission of an end-use certificate.

Greater Bank finances up to 60 - 75% of the market value of the property being pledged. The final loan amount depends on property value, income, and credit rating.

Only residential and commercial properties with clear title and ownership are accepted. Agricultural land or disputed properties are not eligible.

Interest rates are linked to the bank’s internal credit rating system. Competitive and attractive rates are offered based on your risk profile and financials.

• Mortgage Loan / LAP: Up to 120 months (10 years)
• Flexi Overdraft Facility: Renewable every 12 months

It’s a revolving credit facility where the approved loan limit is assigned as an overdraft, giving you flexibility to withdraw and repay as needed. It’s renewed annually.

Yes. A guarantor of sound financial standing is required. In case of individual loans, your spouse must be a co-applicant, and may also act as guarantor in some cases.

Yes. Registered firms, LLPs, and companies can apply. For Flexi Overdraft facilities, the spouse of the proprietor/partner can also act as guarantor.

Yes, LAP generally has lower interest rates, higher loan amounts, and longer tenures than personal loans, but it requires property collateral.

Yes, as long as you declare the purpose and submit an end-use certificate, personal uses like education or wedding expenses are allowed.