Registered SEMPON Mortgage Loan Features at a Glance :
Higher loan amount upto a maximum of Rs.12.5 Lacs
Hassle-free documentation procedures
Transparency
Approval within days
Flexible re-payment
Multipurpose loan
Loan for Businessmen, Professionals, Employed persons and Individuals for the marriage of children, higher studies of child, Medical treatment etc. who is having sufficient income to service the loan.
Loan decided/granted on re-payment capacity and market value of the property.
Attractive interest rate
Simple and very speedy processing
Repayment tenure up to 84 months
No foreclosure charges
No Lock-in period of foreclosure
Part payment allowed.
Age of the building no bar
Rate of Interest
Interest rate @ 12.6% per annum
Property situate in Corporation of Chennai Limit
No Penalty for pre-closure
Equated Monthly Instalments (E.M.I.) for Rs. 1,00,000 /- for:- 7 year tenure : Rs.1,800 /-
NO GST No Service Charge born by company
Property Documents required SEMPON Mortgage Loan
Parent document of the property.
Sale deed of the property.
Encumbrance certificate for a period of 33 years.
Upto-date Property Tax Receipt.
Upto-date Electricity Bill & E.B. Card.
Income proof of all working individuals in the family
Photo of the Property in an elevated Front view and a Photo covering the inner view.
Any other document that may be considered necessary after scrutiny.
