Flexible Loan Eligibility
Loans value from Rs.10 Lakh to Rs. 5 Crore
Loans against commercial, residential or industrial property
Loan for your business as well as personal needs
Explore the Flexibility of Our Loan Against Property
Collateral Advantage
Secured against property, lowering lender risk and resulting in lower interest rates than unsecured loans
Generous Loan Amount
Determined by property value, offering higher loan amounts compared to personal or unsecured loans.
Flexible Tenure
Enjoy a longer repayment period, typically spanning 5 to 20 years, leading to lower monthly installments.
Versatility
Multipurpose use allows you to address diverse financial needs without restrictions.
Credit Score Boost
Timely repayment enhances your credit score, reflecting responsible borrowing behavior.”
Loan Against Property Eligibility and Documents
Eligibility Criteria for Loan against Property
Nationality
Must be a citizen of India with valid documentation.
Occupation and Income
Provide details of occupation and income to demonstrate professional and financial stability for creditworthiness assessment.
Credit History:Three-digit Credit Score reflects repayment history and creditworthiness.
Banking RelationshipPositive relationship with the lender enhances approval chances and may lead to better loan terms.
Market Value of Property Loan amount and terms depend on the collateral’s market value, which must exceed the calculated loan amount.
Title of Property Must be the current owner with clear title, and the property shouldn’t be mortgaged elsewhere.
Documents Required for Loan Against Property:
– Proof of identity/residence
– Proof of income
– Property-related documents
– Proof of Business (for self-employed)
– Account statement for the last 6 months
Loan Against Property EMI Calculator:
Utilizing a Mortgage Loan or Loan Against Property (LAP) involves mortgaging your property. Lenders analyze your personal and financial profile, considering factors like nationality, age, occupation, income, and collateral’s market value. A mortgage loan calculator then assesses the financial implications based on eligibility criteria, facilitating loan approval.”
Loan EMI
Total Interest Payable
Total Payment
(Principal + Interest)