Age
An Indian national with a minimum age of 25 years and maximum age of 75 years.
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Apply for Loan Against Property With Loan Suvidha
Unlocking the hidden potential of your property isn't just about owning a piece of real estate; it's about leveraging it to fulfill your financial aspirations. Enter the world of "Loan Against Property" (LAP), a versatile financial instrument that transforms your property into a valuable asset, offering so many opportunities and benefits. Let's delve into what makes Loan Against Property a game-changer in the realm of borrowing and financial management.
Features and Benefits for Loan Against Property
Mortgage loan amount:
You may receive the loan amount between INR 20 lakh to INR 7.5 crore, determined by the market value of your property and other eligibility criteria
LTV Ratio:
The Loan-to-Value (LTV) Ratio can go up to 75% of your property's value, giving you ample funds to meet your goals and enabling you to secure a higher loan amount based on your property's value.
Flexible Tenure:
The repayment period for LAP can extend up to 15 years, easing the burden for borrowers to manage their EMIs comfortably.
Low-Interest Rate:
Get Benefit of the competitive interest rates provided by Loan Suvidha's Property Loan, ensuring affordability and efficient, cost-effective financing.
Hassle-free Documentation:
Streamline the loan application process with Loan Suvidha's Property Loan, as we ensure straightforward documentation for your convenience.
Easy Repayment & Longer Tenure:
Take advantage of flexible repayment options and an extended loan duration with Loan Suvidha's Property Loan, ensuring ease in managing your financial affairs.
Exploring Property Loans With Loan Suvidha
Property loans offer remarkable flexibility and competitive interest rates without the need for collateral, ensuring financial peace of mind.
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Citizenship
Verify your Indian citizenship status to fulfil the criteria for the instant mortgage loan.
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Employment Status
If you meet the requirements for an immediate mortgage loan. For the loan to be authorized, your company must have operated for at least three years.
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Business Status
Applicants should be in the business for at least 3 years.
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Maximum Loan Tenure
The loan is available for a flexible tenure of 15 years.
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Occupation Status
You must run a successful firm. People in the salaried class are ineligible for our mortgage loan.
Why Choose Loan Suvidha For Loan Against Property?
Loan amount
Loan Suvidha offers mortgage loans up to 75% of the collateral value.
Tenure and interest rates
Low-interest rates and long tenures make LAP loans an attractive option when you need a large sum of money.
Variety of collaterals accepted
Loan Suvidha accepts almost all kinds of property as collateral. They can include land, building, apartment, factory, shops, hospitals, schools, and more.
Multiple repayment modes
You can repay your loan through online payment, Electronic Clearing Service (ECS), or National Automated Clearing House (NACH).
Doorstep document collection
Customer relationship professionals visit your home to collect all the necessary documents.
Fast processing
It takes only about 7 to 10 days to process a loan against property in India if you are eligible and all the documents are in place.
A Step-by-Step Guide With Loan Suvidha
Testimonial
“Loan Suvidha proved to be a reliable choice for my commercial property loan needs. Their process was straightforward, and they provided efficient service from start to finish.” From: Kadarpur/gurgaon
Sher Singh Damaya
"Loan Suvidha has been an absolute game-changer for me, especially when it came to securing my property loan. Their efficiency and professionalism made the entire process smooth sailing." From: Badshahpur/haryana
Yogesh Yadav
"Anytime I’ve had an issue, I’ve reached out to The Loan Suvidha. They’ve been there from the start to help when I’ve needed it. From: Azadpur/delhi
Ajay Kumar
Frequently Asked Questions
Required documentation includes a duly filled application form, proof of identity and address, proof of business existence, income proof, property-related documents, and signature proof, ensuring a smooth application process for borrowers.
Loan Against Property interest rates start at 11% per annum, with loan amounts ranging from ₹20 lakh to ₹7.5 crore. Additionally, there are loan processing charges and foreclosure charges, ensuring transparency and clarity for borrowers regarding fees and charges.
Loan Suvidha offers competitive loan amounts, low-interest rates, accepts a variety of collaterals, provides multiple repayment modes, offers doorstep document collection, and ensures fast processing, making it a reliable and efficient choice for obtaining a loan against property.
A loan against property allows you to leverage your property to fulfill financial aspirations. With features like flexible tenure, competitive interest rates, and hassle-free documentation, LAP offers a versatile and beneficial borrowing option.
Loan Suvidha's Loan Against Property offers mortgage loan amounts up to INR 7.5 crore, high Loan-to-Value (LTV) ratios, flexible tenure up to 15 years, competitive interest rates, hassle-free documentation, and easy repayment options, ensuring financial peace of mind for borrowers.
Eligibility criteria include being an Indian national aged between 25 to 75 years, owning property in India, having a stable employment or business status, and meeting specific income requirements, ensuring borrowers meet the necessary criteria for loan approval.