Did you know that your fixed asset such as property can be a lifesaver especially in times of financial need. It can be used to pay for expensive purchases, for medical treatment, higher education, wedding and much more.
Lenders let you avail loan against property for residential or commercial. Where, as a borrower you can obtain up to a maximum of 60% to 70% of the market value of the property as loan.
Here’s a low down of the various aspects of the loan against property -
The Application Process - It is very easy to obtain the loan online. You have to simply fill up an e-form and provide the necessary details to get started. The process does not take long, is hassle free and secure, as your personal information is never compromised. Moreover, if you prefer getting in touch with the lender’s representative you can do so too at your convenience and have the process done at any of your nearest branch.
The Paper Work - One of the most important aspect of the loan is the documentation which supports your loan application. Be it your KYC documents or the copy of the property to be mortgaged submitting the relevant documents, when needed, will increase the chances of your application getting accepted for the loan. If you fall short of any paperwork have them arranged in advance and keep original copies with you for record-keeping purposes.
Easy Repayment - Get the loan from reputed lenders such as NBFCs who offer facilities such as - the Flexi Hybrid and Balance Transfer to help you manage your finances well.
Additional Reads:
How to Qualify for Loan Against Property in 5 Steps?
Everything you Need to Know about Loan Against Property
Lenders let you avail loan against property for residential or commercial. Where, as a borrower you can obtain up to a maximum of 60% to 70% of the market value of the property as loan.
Here’s a low down of the various aspects of the loan against property -
The Application Process - It is very easy to obtain the loan online. You have to simply fill up an e-form and provide the necessary details to get started. The process does not take long, is hassle free and secure, as your personal information is never compromised. Moreover, if you prefer getting in touch with the lender’s representative you can do so too at your convenience and have the process done at any of your nearest branch.
The Paper Work - One of the most important aspect of the loan is the documentation which supports your loan application. Be it your KYC documents or the copy of the property to be mortgaged submitting the relevant documents, when needed, will increase the chances of your application getting accepted for the loan. If you fall short of any paperwork have them arranged in advance and keep original copies with you for record-keeping purposes.
Easy Repayment - Get the loan from reputed lenders such as NBFCs who offer facilities such as - the Flexi Hybrid and Balance Transfer to help you manage your finances well.
Additional Reads:
How to Qualify for Loan Against Property in 5 Steps?
Everything you Need to Know about Loan Against Property
Alisha Antil is your best financial helper for insurance. She has a vast experience in finance and insurance and provide to you the expert advise in insuring your property and health.
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