Lowest Interest Rates – Calculate EMI – Check Eligibility – Fast Approval
from Bank/NBFC – Special Offers
Lowest Interest Rates – Calculate EMI – Check Eligibility – Fast Approval
from Bank/NBFC – Special Offers
The tenor of the Loan is used to decided by the borrower as it affects the EMI repayment. if borrower chose higher tenor then EMI quantum will be less and vice versa. Still confused for loan purpose and tenor please contact us loan against property agency in jaipur, our loan against property agents will help resolve any issues
Your cibil score is the indication of your financial health hence it should be maintained well. Still there are multiple reason due to which is can be affected hence don’t worry we will resolve this as well.
The market value and the type of property determines the interest rate charged by the lender as it affects the score.
The age, occupation, income, etc. also determines the interest rate charged by the bank. Further there is multiple reason for loan rate of interest. Hence we will help y0u to get loan at interest rate at 7% onwards.
| Bank | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| State Bank of India | 7.00% p.a.- 10.00% p.a. | Up to 7.5 crore | 5-15 years |
| ICICI Bank | 7.90% p.a. – 9.10% p.a. | Up to Rs.5 crore | Up to 15 years |
| HDFC Bank | 7.25% p.a. – 10.35% p.a. | Up to 65% of the value of the property | Up to 15 years |
| IDFC First | As per the terms and conditions | Rs.5 lakh – Rs.10 crore | Up to 20 years |
| Tata Capital | 10.10% p.a. onwards | Rs.10 lakh – Rs.3 crore | Up to 15 years |
| Axis Bank | Up to 11.25% p.a. onwards | Rs.5 lakh – Rs.5 crore | Up to 20 years |
| Kotak Mahindra Bank | At the discretion of the bank | Rs.10 lakh – Rs.5 crore | Up to 15 years |
| IIFL | 11.50% to 22% p.a. | Up to Rs.10 crores | Up to 10 years |
| Edelweiss Financial Services Ltd | As per the terms and conditions | Up to Rs.25 crore | Up to 15 years |
| Type of property | The property should be in India, be it a residential commercial or industrial property. |
| Minimum and maximum age | 25 to 65 years |
| Employment type | Salaried Self-employed startup business |
| Net monthly income | Rs.25,000 minimum monthly income |
| Others | Legal property documents authorized by the Government of India – Registration Certificate, Property Tax Receipts, Sales Deed, etc. |
| Proof of Identity | PAN card, Passport, Driving License, etc. |
| Proof of Address | Passport, Electricity Bill, Aadhaar card, etc. |
| Property Documents | Copy of original sale deed, allotment-possession letter, NOC from society. |
| Income Proof | Latest Income Tax Return Certificate, Form 16, salary slips, audited financial sheet, certificate of practice, qualification certificate, Shop Act License, Sales Tax Certificate, etc. |
| Lower rate of interest | Secured loans usually have a lower rate of interest when compared to unsecured loans. In addition to that, if you have a good credit score and credit history, the chances of you getting a loan at a low rate of interest goes up. |
| Simple documentation and approval process | The process of documentation and approval of loans is generally simple when it comes to a loan against property. The property against which the loan is availed acts as collateral in this case. This allows lenders to go forward with an easy documentation process. |
| Flexibility in repayment of the loan | Most loans against property offers a flexible loan repayment tenure. On the basis of the lender that you choose, you can avail a loan repayment tenure of as long as 20 years. |
| Continuous ownership of the property | In case of a loan against property, the ownership of the property is retained with the borrower. When you offer your property as a collateral for a loan, the ownership does not change. This also allows you to sell the property in case you are unable to repay the loan. |
| Availability of pre-closure option | You have the option to pre-close your loan against property if you wish to do the same. If the loan that you have availed comes with a variable interest rate, you will not be required to pay any penalties for the pre-closure of the loan. However, you will be required to pay a nominal amount if your loan was on fixed interest rate. |
| Optimal utilisation of the property | In case you avail a loan and you have a property which you offer as a collateral, you get to satisfy your financial needs with the loan amount which will be at par with the property. At the same time, you also get to retain your property. You can decide to not sell your property and still avail enough money to meet your requirements that too at affordable rates of interest. |
See what our customers have to say about Munafawala products, people and services.
“I loved the customer service you guys provided me. That was very nice and patient with questions I had. I would really like definitely come back here”
“We came out of their offices very happy with their service. They treated us very kind. Definite will come back. The waiting time was very appropriate.”
“I want to express my appreciation for assistance that you provided over several years to help resolve a difficult financial situation when my debt was out
Avail loan against residential/commercial properties or a loan to purchase a commercial property.
Get Started NowLoans against property has a maximum tenure of 15 years, subject to the condition it does not exceed your retirement age. This condition however can be flexible in certain cases
You repay the loan in Equated Monthly Installments (EMIs) comprising principal and interest. Repayment by way of EMI commences from the month following the month in which you take full disbursement.
As the name implies you need to mortgage your property for availing this loan. This mortgage is Equitable mortgage by Memorandum of Entry by way of deposit of title deeds and/or such other collateral security, as may be necessary. Collateral security for by way of assignment of insurance policy or any such other assignable financial instruments are also required, as security to loan if deem necessary by the Bank.
Please do ensure that the title to the property is clear, marketable and free from encumbrance. To elaborate, there should not be any existing mortgage, loan or litigation which is likely to affect the title to the property adversely.
Yes. Prepayment is possible and there is no prepayment fee if you repay the loan after six months of availing the loan if you pay from your own source of funds without transferring the loan.
The repayment capacity of the applicant(s) based on Resident status is reassessed and a revised repayment schedule worked out. The new rate of interest will be as per the currently applicable rate of Resident Indian loans (for that specific loan product). This revised rate of interest would be applicable on the outstanding balance being converted. A letter is given to the customer confirming the change of status.
Our mission is to deliver reliable, latest news and opinions.
