Loan against property


There are certain situations when an additional fund may be required for personal use. You may need it for your child’s higher studies, sometimes you may need it for medical purposes, and you may also need some money for your daughter’s marriage. If there are no other options of availing the extra money, getting loan by mortgaging your property may be a good option for fulfilling your needs.
Mortgaging a property and availing loan is a very risky as well as a very tedious work especially if you are planning to avail the loan from a bank. There are a lot of rules and regulations regarding this matter and in certain cases you may not able to use your property after mortgaging it. Even after availing the loan, people have to wait for a very long time before the loan is finally credited to them. We understand all these problems and have made a lot of changes in the system so that our customers can avail a loan against property easily and comfortably.
We have a user friendly interface where the customer can easily understand what they have to do and due to that they can easily avail loan against their respective properties. We also allow the customers to use their properties even after mortgaging it. So contact us today and get a loan against your property to fulfill your needs.

Documents required
Businesss
·         Financial statements for last two years
·         Residential address proof
·         Proof of Age Certificate (ID proof)
·         Business Existence Proof
·         Bank statements for last six months
·         Copy of partnership deed (if any)
·         Passport size photograph
Salaried
  • Address proof.
  • Bank account statements for last six months.
  • Salary slips of last three months.
  • Age and identity proof.
  • Passport size photos.
·         Certified letter from Employer
Professionals
  • Address proof.
  • Bank account statements for last six months.
  • Salary slips of last three months.
  • Age and identity proof.
  • Passport size photos.
  • Tax returns documents.
Eligibility criteria for Loan Against Property
·         Monthly income: Individuals with regular salary and entrepreneurs having a steady source of income are mostly preferred.
·         Employment status: The customer must have a working history of minimum 2 years.
·         Property value: The customer must also have a proper information regarding the valuation of the property that will be mortgaged for loan.
·         Relationship with lender: The lender must maintain an overall good relationship and must timely pay the dues.
·         Age: The lender must be of age between 33 to 58 years.
·         Credit history: The lenders must have a good CIBIL score and there should not be any dues.

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