Mortgage Loan

How your property equals ready cash need to generate some money through your assets? DMPAY Nidhi Ltd. will give you a loan against your property. Be it commercial or residential. You can also apply for this loan if you need funds to acquire a new property. A takeover of your existing loan with refinancing is also possible with Loan Against Property. Loans are available for periods starting from at least three months to one year.

DMPAY Nidhi Ltd. Gold loans could also be availed for any amount between Rs.1,000 to a maximum of Rs.2 Lakhs. Our Gold loans don't have any lock- in-period and there are not any prepayment penalties. You can repay earlier than the scheduled as you desire. Anyone who is a member and owns gold ornaments can avail the loan. (Note: Minors are not eligible.) To obtain the loan, you need to submit your gold jewellery (within the Karat range of 18 to 24 k) at your nearest DMPAY Nidhi branch. The loan amount is sanctioned depending on the gold valuation which involves verification of its purity. The weight of stones etc. fixed on the ornaments are deducted for the intention of valuation.

Features & Benefits
  • Attractive Interests Rates.
  • Doorstep Service.
  • Balance Transfer Facility.
  • Loan Against Property – Residential.
  • Loan Against – Commercial.
  • Loan for purchase of commercial property.
Terms & Condition
  • We will provide loans only to its members. So, before applying, you need to be a member first.
  • Loans to the members will be given against the Property.
  • In case of immovable property, the loan shall not exceed 50% of the value of the property offered as security.
  • Rate of interest on loan against Property will be reasonable.
  • Repayment period of such loan shall not exceed 4 years.
  • The rate of interest shall be calculated on reducing balance method.