Loan Against Property - Overview

Documents

1. Identity proof: PAN card, Aadhaar card, passport, voter ID card, or driving license.
2. Address proof: Aadhaar card, passport, voter ID card, or utility bill.
3. Income proof: Salary slips, bank statements, income tax returns, or audited financial statements.
4. Property-related documents: Title deeds, property purchase agreement, building plan, or land records.
5. Passport size photographs.

Fees & Charges

1. Processing fee: Up to 1% of the loan amount.
2. Prepayment charges: Up to 5% of the outstanding principal.
3. Late payment charges: Up to 2% per month on the outstanding amount.
4. Foreclosure charges: Up to 5% of the outstanding principal.

Think About

1. Competitive interest rates and flexible repayment options.
2. Quick and hassle-free loan processing.
3. Minimal documentation and easy application process.
4. Dedicated customer support to assist with any queries or concerns.
5. Wide range of loan options to suit individual needs.
6. Balance transfer facility available to transfer outstanding loan amount from other banks or financial institutions to ICICI Bank.

Eligible Criteria

1. Age: Applicant must be between 21 and 70 years of age.
2. Income: Applicant must have a minimum monthly income of Rs. 25,000.
3. Employment: Applicant must be a salaried employee or self-employed individual with a stable income source.
4. Credit score: Applicant must have a good credit score.

Documents

1. Identity proof (PAN card, Aadhaar card, passport, voter ID, etc.)
2. Address proof (Aadhaar card, passport, driving license, utility bills, etc.)
3. Property documents (title deed, sale deed, encumbrance certificate, etc.)
4. Income proof (salary slips, bank statements, ITR, etc.)
5. Photographs

Fees & Charges

1. Processing fees: Up to 1.50% of the loan amount plus applicable taxes.
2. Prepayment charges: Nil for floating rate loans, and up to 4% of the outstanding principal for fixed-rate loans.
3. Late payment charges: 2% per month on the outstanding amount.
4. Foreclosure charges: Up to 4% of the outstanding principal for fixed-rate loans, and nil for floating rate loans.
5. Miscellaneous charges: Stamp duty, legal charges, etc. as applicable.

Think About

1. Competitive interest rates.
2. High loan amount and flexible repayment tenure.
3. Quick processing and disbursal of the loan amount.
4. Top-up loan facility available.

Eligible Criteria

1. The applicant should be a resident Indian.
2. The age of the applicant should be between 18 to 65 years.
3. The property should be owned by the applicant.

Documents

Documents required for applying for a Bajaj Finserv loan against property might include property documents, income proofs, identity proofs, address proofs, and more.

Fees & Charges

Understanding the fees and charges associated with Bajaj Finserv's loan against property is essential. These could include processing fees, administrative charges, prepayment penalties, and more.

Think About

Competitive Interest Rates: Bajaj Finserv might offer competitive interest rates on their loan against property, making it potentially cost-effective for borrowers.

Flexible Loan Amount: Depending on the value of your property and your repayment capacity, Bajaj Finserv could offer a substantial loan amount.

Flexible Repayment Options: They may provide flexible repayment options, allowing you to choose a suitable tenure for repayment.

Quick Approval: Bajaj Finserv might offer a streamlined approval process, enabling you to access the funds you need quickly.

Additional Features: Look for any additional features they offer, such as part-prepayment and foreclosure facilities, balance transfer options, and online account management.

Eligible Criteria

Eligibility criteria for a loan against property generally include factors such as your property's value, your income, credit score, repayment capacity, and more. The specific criteria can vary based on the lender's policies.

Documents

The required documents generally include:

• Property documents with clear titles.
• Identity and address proofs.
• Income documents (salary slips, income tax returns, etc.).
• Passport-sized photographs.

Fees & Charges

Our fees and charges are competitive and transparent. They typically include processing fees, administrative charges, and applicable taxes. These fees are outlined during the application process, ensuring you have a clear understanding of the costs involved before proceeding.

Think About

Competitive Interest Rates: Godrej Capital provides competitive interest rates, making your loan against property more affordable.

Flexible Repayment Options: We understand the diverse financial situations of our customers. Hence, we offer flexible repayment options to suit your preferences and capabilities.

Quick and Hassle-Free Process: Our streamlined loan application process ensures quick approvals and disbursals, minimizing your waiting time.

High Loan Amounts: Godrej Capital offers substantial loan amounts against your property's value, allowing you to access the funds you need.

Variety of Property Types: We accept various types of properties, be it residential or commercial, ensuring that more customers can avail our loan against property.

Transparent Fees & Charges: Our fee structure is transparent and competitive, avoiding hidden charges and ensuring you understand the costs involved.

Minimal Documentation: We have designed our application process to require minimal documentation, reducing your paperwork burden.

Expert Customer Support: Our dedicated customer support team is available to assist you throughout the loan process, addressing any queries you might have.

Eligible Criteria

To be eligible for a Godrej Capital loan against property, you generally need to meet the following criteria:

• Minimum age of 21 years and maximum age of 65 years.
• Stable source of income.
• Property ownership with clear titles.
• Satisfactory credit score.
• Ability to repay the loan amount.

Documents

The required documents typically include:

• Property documents to establish ownership.
• Identity and address proofs.
• Income documents (salary slips, ITR forms, etc.).
• Passport-sized photographs.

Fees & Charges

IDFC First Bank's fees and charges typically include processing fees, administrative charges, and applicable taxes. These charges are communicated transparently during the application process.

Think About

IDFC First Bank offers a range of benefits when considering a loan against property. Here's why you might consider choosing IDFC for your loan needs:

Competitive Interest Rates: IDFC First Bank provides competitive interest rates, making your loan against property more affordable.

Customized Solutions: We understand that every customer's financial needs are unique. We offer customized loan solutions to suit your requirements.

Flexible Repayment Options: Our flexible repayment options ensure that you can choose a plan that aligns with your financial capabilities.

Quick Processing: We aim to provide quick loan processing, ensuring that you get access to the funds you need in a timely manner.

High Loan Amounts: Depending on the value of your property, you can access substantial loan amounts to meet your financial goals.

Transparent Fees & Charges: Our fee structure is transparent, and we ensure that you are aware of all fees and charges upfront.

Expert Advice: Our experienced team is available to provide you with expert advice and guidance throughout the loan process.

Eligible Criteria

To be eligible for an IDFC First Bank loan against property, you generally need to meet the following criteria:

• Minimum age of 25 years and maximum age of 65 years.
• Regular source of income to demonstrate repayment capability.
• Clear property ownership with marketable titles.
• Satisfactory credit history.
• Ability to provide necessary documentation.

Documents

1. Identity Proof: PAN Card, Aadhaar Card, Voter ID, Passport, Driving License
2. Address Proof: Aadhaar Card, Voter ID, Passport, Driving License, Utility Bill
3. Income Proof: Bank statements, ITR, Salary Slips, Business proof
4. Property documents: Property Title Deed, Property Tax Receipts, Sale Agreement, Approved Building Plan
5. Other documents: Photographs, Business Profile, Partnership Deed, MOA and AOA

Fees & Charges

1. Processing fees: 0.5% to 1% of the loan amount.
2. Late payment charges: 2% to 4% of the overdue amount.
3. Prepayment charges: After a specific period, no prepayment charges are applied.
4. Valuation fees: Depending on the property, the valuation fees may vary.

Think About

1. Competitive interest rates.
2. Easy application process.
3. Quick loan disbursement.
4. Flexible repayment options.
5. No hidden charges.
6. Expert customer service.

Eligible Criteria

1. Individuals who are a minimum of 21 years old at the time of application and a maximum of 60 years old at the time of loan maturity
2. Self-employed individuals, salaried individuals, and proprietors of businesses are all eligible.
3. The property being mortgaged should be located in an area where Chola provides loan against property.
4. The property being mortgaged must be owned by the borrower.
5. The borrower's creditworthiness is also considered when determining eligibility.

Documents

The typical documents required for a Shriram Finance loan against property include:

• Property ownership documents with clear titles.
• Identity and address proofs.
• Income documents (salary slips, ITR forms, etc.).
• Passport-sized photographs.

Fees & Charges

The fees and charges associated with a Shriram Finance loan against property generally include processing fees, administrative charges, and applicable taxes. These charges are usually communicated transparently during the application process.

Think About

Shriram Finance Limited offers several reasons to consider them for your loan against property needs. Here's why you might choose Shriram Finance:

Expertise in Financial Services: Shriram Finance Limited has a strong track record in providing financial services, offering a sense of reliability and experience.

Competitive Interest Rates: Shriram Finance offers competitive interest rates, making your loan against property more affordable.

Customer-Centric Approach: We prioritize understanding your financial needs and offer personalized solutions tailored to your requirements.

Quick Processing: Our streamlined processes aim for quick loan approval and disbursal, ensuring you have access to funds when you need them.

Transparent Fee Structure: We maintain transparency in our fee structure, ensuring you have a clear understanding of the costs involved.

Flexible Repayment Options: Our flexible repayment plans are designed to cater to various financial situations and preferences.

Wide Range of Loan Amounts: Depending on your property's value and eligibility, you can access a range of loan amounts.

Eligible Criteria

To be eligible for a Shriram Finance loan against property, you generally need to meet certain criteria:

• Minimum age requirement.
• Proof of steady income to demonstrate repayment capacity.
• Clear ownership of property with marketable titles.
• Satisfactory credit history.
• Ability to provide required documents.

Documents

1. Application form with photograph
2. Identity proof
3. Address proof
4. Income proof
5. Bank statements for the past 6 months
6. Property documents

Fees & Charges

1. Processing fee: Up to 3% of the loan amount.
2. Late payment charges: 2% per month on the overdue amount.
3. Prepayment charges: Up to 7% of the outstanding principal amount.

Think About

1. Competitive interest rates
2. Quick loan disbursal
3. Flexible repayment options
4. Easy documentation
5. Transparent fee and charges

Eligible Criteria

1. The applicant must be a resident of India.
2. The applicant must be at least 21 years old.
3. The maximum age limit for salaried applicants is 60 years, and for self-employed applicants, it is 65 years.
4. The applicant must have a regular source of income.

Documents

The typical documents required for an ARKA Fincap loan against property include:

• Property ownership documents with clear titles.
• Identity and address proofs.
• Income documents (salary slips, ITR forms, etc.).
• Passport-sized photographs.

Fees & Charges

The fees and charges associated with an ARKA Fincap loan against property typically include processing fees, administrative charges, and applicable taxes. These charges are communicated transparently during the application process.

Think About

ARKA Fincap offers compelling reasons to consider them for your loan against property needs. Here's why you might choose ARKA Fincap:

Personalized Loan Solutions: ARKA Fincap understands that financial needs vary. We offer customized loan solutions tailored to your specific requirements.

Transparent Process: We maintain transparency throughout the loan process, ensuring you understand all terms, conditions, and charges.

Competitive Interest Rates: ARKA Fincap provides competitive interest rates, making your loan against property more affordable.

Quick Approval: We aim for swift approval of your loan application, helping you access funds promptly.

Flexible Repayment Options: Our flexible repayment plans are designed to accommodate your financial situation and preferences.

Expert Guidance: Our experienced team is available to provide expert guidance and support throughout the loan application process.

Eligible Criteria

To be eligible for an ARKA Fincap loan against property, you generally need to meet certain criteria:

• Minimum age requirement.
• Proof of regular income to establish repayment capacity.
• Ownership of property with clear titles.
• Satisfactory credit history.
• Ability to provide necessary documents.

Documents

The typical documents required for a Piramal Finance loan against property include:

• Property ownership documents with clear titles.
• Identity and address proofs.
• Income documents (salary slips, ITR forms, etc.).
• Passport-sized photographs.

Fees & Charges

The fees and charges associated with a Piramal Finance loan against property generally include processing fees, administrative charges, and applicable taxes. These charges are usually communicated transparently during the application process.

Think About

Piramal Finance offers a range of reasons to consider them for your loan against property needs. Here's why you might choose Piramal Finance:

Strong Financial Backing: Piramal Finance is part of the Piramal Group, a well-established conglomerate, providing a sense of trust and reliability.

Competitive Interest Rates: Piramal Finance offers competitive interest rates, making your loan against property more affordable.

Customized Solutions: We understand that financial needs vary. Our customized loan solutions cater to your specific requirements.

Quick Processing: We prioritize quick loan processing and disbursal, ensuring you have access to the funds you need promptly.

Transparent Fee Structure: Piramal Finance maintains transparency in its fee structure, ensuring you are aware of all costs involved.

Flexible Repayment Options: Our flexible repayment plans are designed to accommodate various financial situations and preferences.

Expert Customer Support: Our dedicated customer support team is available to assist you throughout the loan process.

Eligible Criteria

To be eligible for a Piramal Finance loan against property, you generally need to fulfill certain criteria:

• Minimum age requirement.
• Regular source of income to demonstrate repayment capacity.
• Property ownership with clear titles.
• Satisfactory credit history.
• Ability to provide necessary documentation.

Documents

The typical documents required for an Adani Finance loan against property include:

• Property ownership documents with clear titles.
• Identity and address proofs.
• Income documents (salary slips, ITR forms, etc.).
• Passport-sized photographs.

Fees & Charges

Fees and charges associated with an Adani Finance loan against property generally include processing fees, administrative charges, and applicable taxes. These charges are usually communicated transparently during the application process.

Think About

Adani Finance offers several compelling reasons to consider them for your loan against property needs. Here's why you might choose Adani Finance:

Reputed Financial Institution: Adani Finance is part of the Adani Group, a renowned conglomerate. This association can provide a sense of reliability and trust.

Competitive Interest Rates: Adani Finance offers competitive interest rates, making your loan against property more affordable.

Quick Processing: We prioritize quick loan processing and disbursal, ensuring you have access to the funds you need promptly.

Flexible Repayment Options: Our flexible repayment plans cater to various financial situations and preferences.

Transparent Fee Structure: We maintain transparency in our fee structure, ensuring you understand the costs involved.

Diverse Property Types: Adani Finance typically accepts both residential and commercial properties as collateral.

Expert Customer Support: Our dedicated customer support team is available to assist you at every step of the loan process.

Eligible Criteria

To be eligible for an Adani Finance loan against property, you generally need to meet certain criteria:

• Minimum age requirement.
• Stable source of income to demonstrate repayment capability.
• Property ownership with clear titles.
• Satisfactory credit history.
• Ability to provide necessary documents.