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Mortgage Loan

Home / Mortgage Loan

Diverse Lending Purposes

Flexible financing for your most critical personal and professional needs.

House Repairs

Renovate or restore your existing property with eased capital.

Children Education

Finance higher studies and professional courses for your wards.

Medical Treatment

Quick access to large capital for unforeseen hospital expenses.

Debt Repayment

Settlement of other existing loans as per RBI norms.

Eligibility Dashboard

  • Ownership Rights

    Member must have full titling to the property.

  • Member Status

    Available exclusively to bank members with clean records.

  • Repayment Capability

    Minimum net take-home salary of 1/4th gross salary after all deductions.

Official Loan Parameters

Parameter Official Value
Interest Rate (ROI) 10.50% P.A.
Maximum Loan Limit ₹ 50.00 Lakhs (Or 75% of market value)
Eligibility At least 3 years permanent MCGM service & 1 year bank membership
Repayment Term 120 Months (Based on remaining service)
Critical Requirements:
  • Structural Stability certificate is mandatory for properties 25 years or older.
  • Property valuation must be obtained from a Government Valuer.
  • Guarantor is required if property is located in Grampanchayat area.

Associated Fees & Charges

Standard administrative and legal fees applicable at the time of processing.

Legal Fees ₹ 1,500 + GST
Cersai Fee ₹ 100 + GST
Stamp Duty Actuals

Professional Valuation Services

We use empaneled architects and valuers to ensure you get the absolute best market valuation for your property. Contact us today for a free initial review.

Inquire Now

The terms and condition and charges may vary subject to modifications in Loan Policy as approved by Board of Directors.

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We value your trust and money with secure,
transparent, and modern banking solutions.

022-22717800

ho[at]mcbbank[dot]co[dot]in

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The Municipal Co-operative Bank Ltd., Mumbai is registered with DICGC. Your deposits are safe with us.

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