If you have a residential or commercial property owned by you, then you could use your property as collateral for your loan. This is a secured loan, which leverages the cash potential of your property.
What document is required
In case of Salaried
- Latest 3 months salary slip / certificate for fixed salary / Latest Form 16
- Last 6 months bank statement/Passbook of the salary account
- Proof of Residence (Latest Electricity Bill, Utility bill, piped gas bill, telephone bill, Aadhar card, Passport, Voter ID, Driving License )
- Proof of identity (Valid passport, Voter’s ID, Valid Driving license with photograph, Pan card, Aadhar card)
- Copy of property paper to be mortgaged
In case of Self Employed
- IT- returns for the last 2 years along with computation of income certified by CA
- Last 6 months Bank statement for operative account both personal and business
- Proof of Residence (Latest Electricity Bill, utility bill, piped gas bill, telephone bill, Aadhar card, Passport, Voter ID, Driving License)
- Proof of identity (Valid passport, Voter’s ID, Valid Driving license with photograph, Pan card, Aadhar card)
- Copy of property paper to be mortgaged
*All documents to be self attested.
Why opt for Loan against property
- Easy documentation
- Door step assistance
- Flexible repayment options
- Fast Approval
Our Channel Partners
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Rate of Interest
:
10.5% onwards
Processing Fees
:
0 (NIL)
Max Loan
:
60% of the Property Market Value
Tenure
:
5 – 15 years
Other Information
:
Loan Against Property
Sanction TAT
:
2 working days
Sanction Validity
:
3 months*
Disbursement TAT
:
7 days
Lock In period
:
6 Months
Repayment / Foreclosure Charges (of Loan amt outstanding)
:
0%**
*Extended for additional 3 months
**In case of take over – 2% of the loan amount outstanding
Rate of Interest
:
9.5% onwards
Processing Fees
:
0.50 - 0.75% of the Loan Amt (+ GST)
Max Loan
:
50-65% of the Property Market Value
Tenure
:
Max 15 years
Other Information
:
Loan Against Property
Sanction TAT
:
7-15 working days
Sanction Validity
:
6 months
Disbursement TAT
:
4 days
Lock In period
:
2%
Repayment / Foreclosure Charges (of Loan amt outstanding)
:
2% (Above 25% of o/s)
Rate of Interest
:
10.5% onwards
Processing Fees
:
0 (NIL)
Max Loan
:
60% of the Property Market Value
Tenure
:
5 – 15 years
Other Information
:
Loan Against Property
Sanction TAT
:
2 working days
Sanction Validity
:
3 months*
Disbursement TAT
:
7 days
Lock In period
:
6 Months
Repayment / Foreclosure Charges (of Loan amt outstanding)
:
0%**
*Extended for additional 3 months
**In case of take over – 2% of the loan amount outstanding
Rate of Interest
:
10.5% onwards
Processing Fees
:
1% of the Loan Amt (+ GST)
Max Loan
:
60% of the Property Market Value
Tenure
:
1 – 15 years
Other Information
:
Loan Against Property
Sanction TAT
:
7 working days
Sanction Validity
:
3 months
Disbursement TAT
:
2 days
Lock In period
:
0
Repayment / Foreclosure Charges (of Loan amt outstanding)
:
0%
Rate of Interest
:
10.5% onwards
Processing Fees
:
1% of the Loan Amt (+ GST)
Max Loan
:
3 Cr (50% of the Property Market Value)
Tenure
:
1 – 12 years
Other Information
:
Loan Against Property
Sanction TAT
:
3 working days
Sanction Validity
:
15 months
Disbursement TAT
:
2 days
Lock In period
:
1 year
Repayment / Foreclosure Charges (of Loan amt outstanding)
:
4%
