This loan is to be given to individuals, groups and/or corporates that would like to purchase a plot for future development or for sale.
Loan Tenure: 5 years for Individual development & 2 years Land Merchants
- Open a Bora Mortgage Account
- Copy of ID or passport
- Two passport size photographs
- Sale agreement duly signed or offer letter
- Copy of title to property being purchased/charged (Minimum lease term 45 years)
- Evidence of other borrowings if any