Security |
Mortgage (Registered or Equitable) of self-occupied Residential / Commercial / Industrial Land & Building standing in the name of individual / joint owners / close relatives who will also stand as Guarantors (viz. spouse, parent, brother, sister, son, daughter) / company / firm.
The Loan against agricultural land / plot of land shall not be granted. However, in case of non agriculture plot is well bounded and minimum construction has been done as per the requirement of local bodies/development authorities, it can be considered as security under OMLS.
|