Which private bank is best for loan against property?
Check out the Best Loan Against Property Schemes
| Bank | Interest Rate | Loan Amount |
|---|---|---|
| HDFC Bank | 8.00% p.a. – 8.95% p.a. | Up to 65% of the value of the property |
| IDFC First | 7.5% p.a. onwards | Up to Rs.7 crore |
| Tata Capital | 10.10% p.a. onwards | Rs.10 lakh – Rs.3 crore |
| Axis Bank | 7.90% p.a. -9.30% p.a. | Rs.5 lakh – Rs.5 crore |
Can we take loan against house property?
Yes ,Loan Against Property(LAP) can be availed against a fully constructed and freehold commercial properties .
Can I get loan against property without income?
Although available at higher rates of interest, peer-to-peer lending is another way of availing high-value financing in the absence of income proof or ITR. Make sure to compare lenders and arrive at the best deal on a loan against property. Keep all necessary documents ready for streamlined processing of application.
Can I get loan on land in Hyderabad?
You are eligible for loan against property in Hyderabad as a salaried resident and self-employed resident both. Here are a few of the basic criteria: You should be between 21 years and 60 years of age. You need to own the residential or commercial property to be eligible for loan against property.
Is loan against property a good idea?
Yes, a loan against property is a good idea if you are in urgent need of money for a financial emergency.
What is eligibility for loan against property?
Loan Against Property Eligibility Detail
| Minimum Age limit | 21 years |
|---|---|
| Maximum Age limit | 65 years – 70 years |
| Employment Status | Salaried or self-employed individual |
| Minimum Income | Rs.3 lakh p.a. |
| Work Experience | Minimum experience of 1-5 years |
How much loan can I get against my property?
The maximum amount with a loan against property that an applicant can avail depends on the employment status. Self-employed individuals can avail an advance of up to Rs. 5 crore while the maximum loan limit for a salaried individual is Rs. 5 crore.
What are documents required for loan against property?
Axis Bank provides Loan Against Property for salaried employees, self-employed individuals and self-employed professionals….Submit the documents listed below and get a Home Loan / Loan Against Property sanctioned in 5 days!
| Passport | Aadhaar Card | Driving License |
|---|---|---|
| Voter ID | GOI issued Photo ID | Govt Employee ID |
Is 3 years ITR mandatory for home loan?
Importance of ITR for Availing Home Loan Most lenders require ITR (last 3 years) to process your home loan application. If you are unable to provide ITR returns, your application may not be accepted. ITR is important to assess your creditworthiness and ensure that you will be able to pay your EMIs on time.
Can I get loan against plot?
These days, a number of lenders offer loan against plot to anyone who owns a piece of land and would like to use it as collateral for securing a loan. A loan against land can be used to construct homes, develop a factory or build commercial business plants on the pledged plot of land.
What happens if loan against property is not paid?
When you have delayed the repayments for 90 days, your loan becomes a Non-Performing Asset (NPA). Banks treat any loan as NPA only when you have failed to make a payment successively for three months. So, banks don’t immediately seize the assets of borrowers after default.
Why take a loan against your property in Hyderabad?
Enjoy the best interest rates along with nominal charges on a loan against property in Hyderabad. Enjoy affordability, alongside the benefits to part prepay or foreclose the loan availed.
How can I find private finance loan providers in Hyderabad?
Sulekha assists you to connect with more than 300+ verified private finance loan providers in Hyderabad. You can find trusted businesses listed with us that have successfully provided unparallel financial solutions to people in the city.
What are the features of Bajaj Finserv loan against property?
Applicants interested in availing a loan against property in Hyderabad can read more to know about the features of the Bajaj Finserv Loan Against Property. Bajaj Finserv offers applicants an affordable loan against property option to fit their finances.
How many branches does Bajaj Finserv have in Hyderabad?
We have 2 branches in the city. Applicants interested in availing a loan against property in Hyderabad can read more to know about the features of the Bajaj Finserv Loan Against Property. Bajaj Finserv offers applicants an affordable loan against property option to fit their finances.