A secured loan against mortgage is being offered by Government of India enterprise Repco Bank.

The Bank under the Union Ministry of Home Affairs is offering the scheme at a competitive rate of 14.5 per cent per annum for loans up to Rs. 25 lakh. Above Rs. 25 lakh the interest rate would be 15 per cent per annum. The loan is available in tenor from 60 to 84 months, according to a statement issued here.

Customer can visit the branch during the office hour from 10.00 a.m. to 5.00 p.m. with necessary documents like Income proof / ID proof / property documents copy, among others for getting provisional sanction. The customer can avail the loan for the purpose of business requirement, domestic needs, marriage expenses, education expenses, take over from other Banks. For details contact branch manager Anupam Das on 0891-2559258 or 94907 98586.

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