Porto

Mortgage Loans Over drafts

MORTGAGE LOANS OVER DRAFTS

This facility is to be renewed every year. Loans will be granted against vacant urban lay out sites and Building properties. Loan amount will be 40% market value of the property or loan monthly installment should be of 50% monthly income of the applicant. Interest will be charged @ monthly rests and also interest will be calculated every month on diminishing value of the loan outstanding amount. Interest is to be repayable every month. Otherwise penalty of 2% will be levied ,on late payment, on excess amount over the sanctioned limit or after expiry of the limit.

Latest Tweet

Contact Us

  • Chanakya Multipurpose Mutually Aided Co-operative Society Limited , Prakash Nagar, Rajahmundry, East Godavari Dist, AP.
    Address: H.O: # 74-9-10, Old Andhrabank Building, Prakash Nagar, RAJAHMUNDRY-533 103.

  • Phone: 8333828745

  • Email: CMACS@ rediffmail.com

  • Branch : # 11-1-4, Ramarao Peta, Beside HDFC Bank, Prakasham Street, Near Three Light Junction, KAKINADA – 533102.
  • Phone: 8985212459

  • Email: CMACSKKD@rediffmail.com

  • Tanuku Branch Address: D.no. 33-7-10, Suryalayam Street, Tanuku-534211, W.G.Dt. A.P.

  • Phone: 08819-297008

  • Email: CMACS TNK@ rediffmail.com

Porto

Recurring Deposit Scheme

RECURRING DEPOSITE SCHEME

The scheme is suitable to persons having monthly income. The period is 6 month to 72 months. Interest is quarterly cumulative.