Apartments in Mangalore - Contact

Shalimar Builders & Promoters
G-20, Emkay's Shalimar
Kankanady, Mangalore
Karnataka, india
PIN - 575002

Mobile : +91 98459 79123 / 9448357502 / 9448470620
Phone : +91 824 2437116 / 824 2437116
For Overseas Booking: Dubai +971552273006

Quick Enquiry

builders in mangalore

Buyers Guide

Apply for Housing Loan?

You can apply for a Housing Loan, once you have selected your property. A loan amount would be sanctioned to you - based on your repayment capacity, which will help you decide your budget and plan the buying of your house.

Capacity of Loan?

You can avail a Housing Loan ranging from a minimum of Rs. 5 lacs to a maximum of Rs. 1 crore. The loan amount sanctioned is a maximum of 85% of the cost of the property or the cost of construction as applicable. Your repayment capacity as determined by the Bankers, taking into account your:

  • Age
  • Income
  • Qualifications
  • Number of dependents 
  • Assets 
  • Liabilities
  • Stability / continuity of your employment /business 
  • Co-applicants income

Co-Applicant?

You could include your spouse as a co-applicant for the Housing Loan and include his/ her income to enhance your loan amount. Further, if there are any other co-owners, they too would need to be co-applicants In the absence of a co-applicant, a personal guarantee will be required from you.

Loan Disbursed?

Your loan will be disbursed, once you have identified and selected a property and have submitted all the legal documents as required by the Bankers. Once your property is legally and technically cleared by the Bank.

On satisfactory completion of the above and on your investment of your own contribution, the loan amount will be disbursed by the Bank. The disbursement will be favor of the Builder or Seller as the case may be.

Security for the Loan?

You would need to provide security of the property and/or such other additional collateral security as may be mutually agreed upon.

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