To make your Property Loan journey a smooth sail, in this article we will help you to know eligibility criteria, rates of interest, process, necessary documents, comparison and transfer for lowest rates.
Property Loan
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- Instant digital sanctions
- Minimal documentation
- Funding according to eligibility
- 100% on-road funding
10
Monthly loan EMI: ₹24.28
Principal Amount
₹2,000
Interest Payable
₹914
Total Amount Payable
₹2,914.00
Property Loan made simple!
Why do you need a Property loan?
- Medical Emergency
- Wedding Purpose
- Abroad Travel
- Child Educations
Features of Property Loan
All loans are not created equal, Property loan has become a great option for people to use.
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A Property conversion loan is a scheme for those who have already taken a housing loan. This loan follow some rules and regulations. It is a part of loan.
Loan Against Property(LAP) – Eligibility and criteria
- Age: must be 21 years or older at the time of loan application and up to 65 years or less at loan maturity
- Employment: both for salaried and self employed
- Secured Loan: this loan is secured against the value of your property and the property act as collateral.
- Loan Amount: the loan amount is determined on the based on the value of the property you pledged and your income.
- Credit History: the credit history and score should be good
- Multipurpose: the loan amount can be used for a wide range of purposes.
Documentation required for Loan against property
- Aadhaar Card and PAN Card of property owners
- 2 passport size photographs of property owners
- 1 year bank statement
- Property papers with link deed
- Recent electricity bill
- For salaried persons (3 months recent salary slips, 2 years form-16, serving letter or offer letter)
- For other than salaried persons (business proof, 2-3 years ITR)
- Co-applicant Aadhaar Card, PAN Card and 2 passport size photographs (if applicable)
- Sanction letter and repayment schedule of existing loan (if applicable)
Mortgage your property and unlock
maximum benfits
Wondering how to get instant loan for your financial needs?
Just follow these simple steps-
Just follow these simple steps-
1
Enter your details
2
Documentation and verification
3
We will Find best offers for you
4
Property verification
5
Property valuation
6
Approval
7
Set up your e-mandate
8
Easy disbursement
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