Mortgage Loan

A mortgage is a type of loan used to purchase or maintain a home, land, or other types of real estate. The borrower agrees to pay the lender over time, typically in a series of regular payments that are divided into principal and interest. The property then serves as collateral to secure the loan.

Individuals and businesses use mortgages to buy real estate without paying the entire purchase price up front. The borrower repays the loan plus interest over a specified number of years until they own the property free and clear. Most traditional mortgages are fully-amortizing. This means that the regular payment amount will stay the same, but different proportions of principal vs. interest will be paid over the life of the loan with each payment.

Better Opportunities

Mortgages are offered by a variety of sources. Banks and credit unions often provide home loans. There are also specialized mortgage companies that deal only with home loans. You may also employ an unaffiliated mortgage broker to help you shop around for the best rate among different lenders.

Eligibility Criteria

Applicants must meet the following requirements to be eligible for the loan:

• Should fulfil KYC documents requirements
• Age should be between 18 to 58 years
• Should not have an adverse credit record
• Should meet the acceptable credit norms according to Pahal India Multipurpose Nidhi Limited Should be part of a group of
• customers who are willing to guarantee each other for the repayment of loan

How To Apply

• Visit the nearest branch of and Pahal India Multipurpose Nidhi Limited our Loan Executive will guide you on the application process.
• Contact us and our Customer Care Executive will fix a doorstep service appointment with our Loan Executive to help you with the application process.

Required Documents

• Primary ID: Aadhaar
• Secondary ID: PAN card / Form 60
• In case of non-availability of PAN card, customer needs to submit Form 60 along with the one of the following OVDs (Officially Valid Documents)
  • Passport
  • Voter ID card
  • Driving licence
  • NREGA (National Rural Employment Guarantee Act)
  • Letter issued by National Population Register containing
  • details of name and address
• Residence Proof
  • Any of the valid KYC documents
  • Utility bill (not more than 60 days old)

• Quick loan disbursement.
• Minimal Paperwork
• Lower Interest Rates
• Flexible Payment Options
• Staying informed
• 24/7 on time services

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