Living in a home that reflects your inner self is still a dream for many of us because not
everyone has the reach to that kind of big money. Even if the universal source of money (the
banks) is here, then the never-ending process of obtaining a loan restricts the borrowers to
ask for it.
Thus, the solution to your problems is an online Loan Against Property application. The
digital Loan Against Property application is the most straightforward approach for obtaining
a Loan Against Property because you can access all the facilities at your fingertips.
How?
By relying on loans4you.in, they are a neutral platform where the lenders meet the borrowers
and seek loans in their interests.
With the help of the Loan Against Property EMI calculator, you can calculate your EMI by filling in the three essential parameters: your loan amount, loan tenure, and interest rate. It will be easier to manage your expenses after paying the interest and principal amount.
Apart from the convenience, the online Loan Against Property application will spoil you with
the choices, and to surplus the comfort, platforms like loans4you. are available to your
interest.
So, below are the key points that will help you access why online comparisons through the
trusted marketplace like loans4you.in is better than physically reaching out to the lenders.
Do's | Dont's |
---|---|
1. Checking the loan eligibility | 1. Avoid applying with multiple lenders as it will give the wrong impression of you |
2. Research about the lenders plus, and don't hesitate to ask for second opinions or review online. | 2. Faulty documents |
3. Secure your finances and the documents | 3. Don't exceed your limits as it will delay your repayment period leaving a wrong impression of you. |
4. Complete the application process in a single try | 4. Don't apply for a Loan Against Property if you already have multiple loans. |
5. Compulsorily ensure that all the details you provide are accurate so that you come out as trustworthy. | 5. Avoid getting conned by non-trustworthy lenders & for that, you refer to loans4you.in, here you have access to the best deals from certified banks. |
Bank Name | Floating Interest Rates | Per Lac Emi | Get Into It |
---|---|---|---|
SBI Home Loan | 6.70% - 6.75% | Rs.757 - Rs.760 | |
HDFC Home Loan | 6.75% - 6.80% | Rs.760 - Rs.763 | Apply Now |
ICICI Bank Home Loan | 6.75% - 7.15% | Rs.760 - Rs.784 | Apply Now |
Axis Bank | 6.90% - 8.40% | Rs.769 - Rs.862 | Apply Now |
PNB Housing Finance | 7.35% - 9.05% | Rs.796 - Rs.903 | Apply Now |
Bajaj Home Finance | 6.80% | Apply Now | |
IDFC First Bank | 6.90% | Rs.770 - Rs.769 | Apply Now |
Indiabulls | 8.99% onwards | Rs.880 - Rs.1029 | Apply Now |
Tata Capital Home Finance | 9.25% onwards | Rs.916 onwards | Apply Now |
Equitas | 9.50% | Apply Now | |
Standard Chartered | 9.21% onwards | Rs.913 onwards | Apply Now |
The Loan Against Property
Eligibility Calculator is the pre-defined key element set up by the bank upon which
the bank decides whether you're eligible to obtain & repay the loan or not. Also, the
eligibility can differ depending upon the individual and the bank, but the key factors
remain the same.
The Loan Against Property eligibility criteria include your age, income proof, and other
documents. Let's check one by the following:
a. Age:
The applicant's minimum age must be 21 years while obtaining the loan.
Maximum age:
• Salaried: until 60 years or superannuation or least at the time of Loan
Against Property maturity.
• Self-employed: up to 65 years of age or least at the time of Loan Against
Property maturity.
• Professional: up to 65 years or least at Loan Against Property maturity.
b. Income proof:
The Loan Against Property borrowing limit is a minimum of Rs. Three lacs and the applicant's
present & future must show that he can repay the loan, and that includes:
For Salaried:
• Six- or three months’ Salary Slip
• Six months cheque or two years bonus proof (fluctuating pay)
• Six Month to yearly bank statement showing salary credits
• Employment continuity proof
For Self-employed:
• Three years ITR, Income statement, P&L account, verified balance sheet with authorized CA
seal and sign.
• Six Month to yearly personal and business accounts bank statements.
• Income continuity proof (3 years -5 years depending upon the product.)
• Tax audit report
• If ITR is filed without CA's digital signature, CPC and delinquent tax paid challan are
required.
• In exceptional cases (Affordable Loan Against Property) - one-year ITR, income statement,
P&L account, verified balance sheet with authorized CA seal and sign.
Note: any of the above proofs are acceptable.
Apart from the convenience, the online Loan Against Property application will spoil
you with the choices, and to surplus the comfort, platforms like loans4you. are available
for your interest.
So, why choose us?
Our aim is that you stay fashionable with digital fashion, and that’s why we thought of an
equitable platform for loan-seeking individuals who want to obtain the Loan Against Property
hassle-free. We are a renowned name in Gujarat and aim to become India’s biggest neutral
marketplace for loans. Until now, we as an example of 10K +customers, reflecting the
compassion in our work, and that’s why start enhancing your home buying experience with the
following benefits:
Analyze the choices
We understand that obtaining a Loan Against Property is not easy, and that’s why we are
presenting you the option to compare and analyze the offers provided by various lenders and,
lastly, choose the best suitable deal for you.
The three critical things here you can compare are,
• Interest rates
• EMI & Repayment facilities
• Loan amount & tenor
Communication
Communication is the solution for all inconveniences, and that’s why our communication
partner that is Chabot is in your service 24*7, where you will be given satisfactory answers
to your questions over messages. It isn’t always possible for you to hop between the bank
for every query, that’s why online loans seem like a better place to opt for loans. You
expect to get in touch with a loan representative at any time through loans4you. Depending
on your query you can choose to get in touch through multiple mediums like E-Mail, Message,
Call, etc. Sometimes even after a loan has been approved due to some issue you want to
change your terms of the loan through an online medium rather than visiting a bank/NBFC
personally.
First-hand tools
Applying for a Loan Against Property is a big step, and that’s why you can’t be operating
yourself with any risks or misinformation.
We provide you tools like a Loan Against Property EMI calculator, where you calculate your
EMI by entering three details, i.e., Loan Against Property tenor, Loan Against Property
amount, and Loan Against Property interest rate. This way, it will be easier to manage all
your monthly expenses. Loan Against Property eligibility calculator
Easy application process
One of the most significant advantages of online Loan Against Property application is that
it eliminates the never-ending physical process of obtaining a loan.
Here you can fill out the application for loans in the following way:
• Go to our website loans4you.in.
• Choose the lender and the deal that is best suitable for you.
• Fill in the application form and submit the documents electronically.
• Wait for the approval.
• Viola! Start dreaming about your dream place.
Step : 1
Engage with multiple banks to compare and save, don’t just speak to one bank. Compare all
aspects on our website Loans4you.in is the best place to compare multiple banks and save on
your interest and other expenses.
Step :
2
Consider the whole package, look at the Loan Against Property rate of interest they are
offering, it might be possible that they might charge a high Loan Against Property
Processing fee or any other fee if they are offering a lower Loan Against Property rate of
interest. In the same way, they might be charging a low home Processing fee but might be
charging some other hidden charge or higher home rate of interest.
Step :
3
Structuring of the Loan Against Property is very important… Loan Against Property, Loan
Against Property Amount, Loan Against Property Tenor, Loan Against Property EMI that you can
easily manage because your monthly budget will be affected after the start of your Loan
Against Property.
Step :
4
Cost of taking the Loan Against Property…like what is the total Loan Against Property
interest that you have to pay for the Loan Against Property, what is the Loan Against
Property processing fee, is there any mortgage charge, do you have to pay for the franking
or notary& charges.
Step :
5
what are the part payment charge for a Loan Against Property, is there any lock-in period or
condition for doing the part payment, what are the foreclosure charge, is there any lock-in
period or condition for doing foreclosure.
Step :
6
We also need to check the product offering before we apply like Axis bank Loan Against
Property offer 12 EMI waiver of Loan Against Property, money saver product, or any other
product which can help you save on the overall interest paid during the whole tenor of the
loan.
Step :
7
Customer Service or after-sale services are also important points that you should take care
of. You should also take feedback from friends or colleagues before finalizing the loan.
1. Top-up at the rate of Balance Transfer.
2. Additional top-up based on your past repayment of Top-up and Loan Against
Property.
3. Repayment-based eligibility on the existing house loan.
4. Loan Against Property Balance Transfer from every bank, HFCs, and NBFCs.
5. Legal report waiver for Balance Transfer from leading banks & NBFCs.
6. Loan Against Property Balance transfer at attractive interest rates.
7. Maximum Loan Against Property amount and additional Top-Up over and Loan
Against Property.
8. Loan Against Property based on your banking transition.
Application:
First thing that you need to do is to fill out the
application form, which can be done online or physically depending upon Bank/NBFC. Along
with the application form you have to submit the required document for your eligibility,
verification, and another process that varies from bank to bank. This process is done online
or at the branch level which you have to check while applying for a Loan Against Property
application.
Loan Sanction:
Once you submit the document due diligence is been done by
the bank/NBFC. If they find it as per their credit policy they will sanction or they will
reject your application.
Post Sanction:
Once the loan is sanctioned, you have to submit a legal &
Technical document for title verification, once the bank/NBFC gets a clear & marketable
title then they send the file for final payment release.
Approval & Disbursal: Once legal & Technical are clear then the bank approves
and disbursement is done.
The whole process is approx. 15 day subject to timely submission of document to bank/NBFC.
While you're filling up the Loan Against Property online application form, you will be required to upload the documents supporting your credential. So, here is the checklist of Loan Against Property documents that are mandatory to be uploaded along with the form pdf.
a. Compulsory Documents
• Loan Against Property online application form
• PAN card
b. Identify proofs: any of the given lists
• Passport
• Voter id
• Aadhar card
• Driving license
• Govt. employee ID (if any)
• GOI issued photo ID (if any other)
c. Address proofs: any of the given lists
• Aadhar card
• Driving license
• Voter id
• Electricity or gas bill
• Landline bill
• Property tax receipts
• Govt. employee ID (if any)
• GOI issued photo ID (if any other)
d. Birth date proof: any of the given lists
• Passport
• Driving license
• PAN card
• Birth certificate
• Aadhar card
• 12th mark sheet
e. Signature proof: any of the given lists
• Passport
• PAN card
f. Income proof for Salaried
a. Last 3 Months’ Salary slips.
b. Last 3 years form no 16 with job continuity proof for 3 years.
c. Bank statement of salary account for last 6 months.
d. Existing Loan statement for all Current loans (Sanction Letter / Statement of Account).
(If Any)
f. Income proof for SENP
a. Business proof: CST/ GST/ VAT/ Service tax/ Shops and Establishment license copy/ SME
registration copy.
b. Business profile: One the letter head of the company with signed and stamp by applicant
should include Name of the Firm/Company, Address of Firm, Year of Establishment, Work
Detail, No of Employee, Major Clients.
c. Business Address Proof: Electricity Bill / Telephone Bill / Passport / Bank Statement /
CST/ GST/ VAT/ Service tax/ Shops and Establishment license copy/ SME registration copy.
d. Last 3 Months salary slips ( In Case of drawing salary from his firm).
e. Last 2 years form no 16 ( In Case of drawing salary from his firm).
f. Last 3 years Income Tax Returns with Computation of Income, Balance sheet and Profit &
Loss Account along with Annexure (CA certified or Audited) Individual as well as of company.
g. Education certificate (Self Employed Professionals).
h. Bank statement for last 1 year – All Accounts (Self and Business).
i. Existing Loan statement or Sanction letter for all current loans.(if Any).
j. Application processing fee & recent passport size photos.
You can apply easily for the quickest loan against property with one of the best customer services by just following four simple steps.
You will need to apply for a home loan, this can be done online or at bank branches/loan centers.
Post submission of your application and review of necessary KYC and documents of financial stability, the bank shall sanction your loan amount.
Once the loan is sanctioned, you will need to submit the documents pertaining to the property against which your loan is sought, for technical and legal review.
Upon validation of your loan amount and the property sought, the bank shall approve and disburse your loan.