PAN CARD
Business Or Salary
Property
Loan Against Property Key Features
| Eligibility Criteria | Details |
| Age | 21-65 yrs |
| Salary / Business Vintage | 2 year |
| CIBIL | 650 and above |
| Loan against property Interest Rate | 9.00 % per annum |
| Lowest EMI per lakh | 952 |
| Tenure | 60 to 240 months |
| Loan against property Processing Fee | .50% to 1% |
| Prepayment Charges | No charges on Individual name |
| Part Payment Charges | No charges on individual name |
| Minimum Loan Amount | Rs. 5 Lakh |
| Maximum Loan Amount | Rs. 1000 Lakh |
Rate of interest and Charges
List of Top Banks for Home Loans in Uttarakhand
| Banks | Interest Rates | Processing Fees |
| HDFC Bank | 9.00 – 9.65% | .50% |
| ICICI Bank | 9.25 – 9.65% | .50% |
| Axis bank | 9.50 – 9.60% | .75% |
| ICICI HFC | 11.25 – 12.25% | 1% |
| Kotak Bank | 8.75 – 9.00% | .50% |
| IndusInd Bank | 9.50 – 9.60% | 1% |
| Standard Chartered | 9.50 – 9.60% | .50% |
| SBI / State Bank | 9.50 – 9.60% | .50% |
Overview
Loan against property is a type of loan that allows individuals to leverage there existing property and raise funds for there individual and business needs.
Documents Required
- Pan Card
- Adhaar Card
- 3 ITR / Vintage proof
- Salary Slip / Business proof
- Six month Statement
- 1 Photo
Features and Benefits
- Just in 3 days
- Hassle-Free
- Multi-Purpose End-Usage
- Minimum Documentation
Rates And Charges
Loans against property interest rates can typically vary anywhere between 8.75% and 9.75% based on how you fulfill the requirements of the financial institution.
Important Tips
- Maintain Balance in advance for existing EMI’s
- Avoid higher no. of small loans.
- Pay all Emi’s on time.
A loan against property is a type of loan in which you pledge your property as collateral to borrow money.
Typically, residential or commercial properties can be used as collateral for a loan against property.
The amount you can borrow against your property depends on the value of the property and other factors, such as your income and creditworthiness.
The interest rate for a loan against property can vary depending on the lender and other factors. Generally, it is lower than unsecured loans like personal loans.
The repayment period for a loan against property can range from 5 to 20 years, depending on the lender and the terms of the loan.
The eligibility criteria for a loan against property typically include factors such as your income, credit score, and the value of the property you are using as collateral.
You may be required to provide documents such as property ownership papers, income proof, and identity proof to apply for a loan against property.
Yes, you can prepay or foreclose your loan against property, but there may be prepayment charges that vary depending on the lender.
If you default on your loan against property, the lender may take possession of the property used as collateral to recover the amount due.
Yes, you can use a loan against property for any purpose, including business expansion, debt consolidation, or personal expenses.
The approval process for a loan against property can take anywhere from a few days to several weeks, depending on the lender and the complexity of your application.
Fees and charges associated with a loan against property can include processing fees, prepayment charges, and late payment fees. It’s important to understand all the costs associated with the loan before signing on.