Loan Against Property in Delhi NCR

Avail Loan against Property to Financing your child’s education, managing your wedding expenses, expanding your business, or even handling unforeseen medical expenses. LoanMoney offers customised Property Loan to salaried and self-employed individuals. LoanMoney brings Property Loan with unique features & benefits which enable borrowers to meet their high-end expenses with ease. Some of these features & benefits are as follows:.

• Avail Maximum Loan Amount: LoanMoney helps you access a higher loan amount at attractive interest rates. Avail Loan Against Property for Salaried individuals get a high loan amount up to Rs.5 crore, while self-employed individuals can avail a loan of up to Rs. 50 crore.
• Attractive Interest Rates: LoanMoney provides Loan against Property at low rates of interest, which makes repayment affordable.
• Flexible Loan Tenure: Salaried/self-employed individuals can select a flexible loan tenure starting from 5 to 15 years and repay the loan conveniently.
• Lowest EMIs: Opt for a long repayment tenure of up to 15 years which distributes the loan amount, and you get to pay lower EMI amount every month.
• Fastest Loan Approval: Simple Loan against Property eligibility criteria, minimal documentation and doorstep service makes the loan application process a hassle-free one. Avail this fastest Mortgage Loan disbursed to your account within 3-5 working days post-approval.
• Part-prepayment Charges Nil: An individual availing Loan Against Property at floating interest rates enjoys part-prepayment and foreclosure facilities at nil charges. for the fixed interest rate you can part-prepay or prepay your loan anytime at minimal charges.
• Easy Balance Transfer Facility: Transfer your existing loan using Loan against Property Balance Transfer facility through LoanMoney with minimal documentation and quick processing and get a high-value top-up loan with lower interest rate.

Loan Against Property Eligibility Calculator helps you to understand the maximum loan you can avail of depending on your income and repayment capacity. Various factors will consider for your home loan eligibility such as income, company category, job continuity, business continuity, CIBIL Score, ITR other financial liabilities, etc. You can also check eligibility criteria and document required for the Salaried/self-emplyed/professional Loan against property.

• Applicant Minimum age of 23 years.
• Applicant Maximum age of 60 years at the time of maturity of the Home Loan
• Minimum Monthly Income: Rs. 30,000/- or more
• Salaried / Self-Employed / Professionals (Salaried Doctors, CA, Employees of Private Ltd. Companies, and Employees from Public Sector undertakings including State & Central Govt. )

• Documents Required for Applying for Home Loan by All Applicants and Co-Applicants
• Application Form with 3 Recently Passport size photograph.
• Identity proof: Voter ID Card, Aadhar Card, PAN Card, Passport, Driving License
• Address proof: Voter ID Card, Aadhar Card, Driving License, Ration Card, Passport, Telephone/Electricity Bill, Rental Agreement.
• Bank Account Statement/Passbook for the last 6 months.
• Latest 3 months salary slip or current salary certificate.
• Signature verification by bankers of the applicant.
• Loan account statement(s) / Sanction letter for running loans

• Documents Required for Home Loan by Self-Employed Individuals
• VAT / Service Tax Return of Current Financial Year
• Audited financial statements for the last 2 years.
• Business ITR with Tax Audit and Computation of Income
• Individual ITR with Computations
• Saving account statements of Applicant and Co-applicant for last 6 months (updated)

• List of Property Documents
• Allotment letters.
• Photocopies of title deeds.
• Encumbrance certificate.
• Agreement to sell.Booking Receipts

Loan Against Property is loans which need to be repaid back within a flexibile loan tenure of up to 15 years. Banks offer flexible repayment options starting from 5 to 15 years, depending on the Applicant’s profile. Therefore it is always best to evaluate your repayment capacity before your application for the Loan Against Property. Loan Against Property EMI Calculator lets you calculate the EMI which you will have to pay every month if you take a loan of a particular amount and tenure at a specific interest rate.

There are various factors to consider while taking a Loan Against Property in order to assure the borrower gets the best possible deal. Factors such as:

• Attractive Rate of Interest: Banks offer lower or higher interest rates depending on the Applicant’s profession, income, Company Category and CIBIL Score. Before choosing a bank, compare the Loan Against Property Interest Rates offered by various banks, and opt for the one offering the minimum interest rate.
• Service Charges: Processing fee, pre-payment charges, and documentation fee are some of the service charges that are added to the loan amount. Choose a bank that charges a minimum fee for these services.
• EMI: Compare the EMI options offered by different banks, before deciding the one that offers the best EMI option.
• Loan Tenure: The repayment period for Loan Against Property starting from 5 year to 15 years. 
• Quick Disbursal: The main purpose of a Loan Against Property is to fulfil the urgent financial needs of a customer. Most banks process and issue loans within 7 to 8 working Days.

Loan Amount: Rupees 5 Lakhs to 25 Crore
Rate of Interest (APR)*: 8.80% to 12.00%
Repayment Tenure: Up to 15 Years
Processing Fees: Upto 2%
Prepayment/ Foreclosure: Nil charges

Illustration: Rs. 1 Lac loan on @12% with processing Fees for 60 Months comes to Rs. 1,33,466/- Equated Monthly Instalment shall be: Rs. 2,224/- only.

* APR - Annual Percentage Rate