Best Housing Loan Company in India
Loan against
property in India is one of the variants of personal loan and it has emerged as
a popular form of long term loan. In this kind of loan, one can get mortgages
loans against property. The property is mortgaged and a fixed percentage of the
make value of the concerned property is lent as loan. One can continue to use
the property despite it being mortgaged. Loans against property also act as a
good debt consolidation tool.
Advantages of loan
against property
According to a
recent report by CRISIL, over the next four years, this loan category is
expected to grow by 22%. It is being most sought after by loan seekers as the
rate of interest on loan against property is lower as the loan amount is
secured against the house or the property. Abmloans, which is a renowned
financial services company in India, offers lowest interest rate for loan
against property.
Loan against property in India
is needed for a variety of purposes like medical treatment, business expansion,
purchase of house, education or wedding expenses etc. The repayment period of
loan against property is from 1 to 15 years. Any kind of property be it
residential, commercial or industrial can be used to borrow loan against.
Interest on loan against
property
The loan against property
interest rates vary depending upon the amount of the loan and the type of the
property. Abmloans offers Lowest Interest Rates for Loan against Property.
The general loans against property
interest rates range from 12% to
15.75%.
Eligibility for loan against
property
Like all the other loans, we
check the credit score of the loan seeker, his income and debt servicing
obligations before sanctioning loan against property in India. Self-employed
individuals, self-employed professionals or salaried individual, anyone
can apply for such a loan provided that the seeker is of minimum 24 years of
age. For more details regarding eligibility, visit our official website.
Documentation required for
loan against property
Loan against property in India can be availed from abmloans by
filling in a simple application form. The latest salary slips, in case of
salaried individuals are demanded. In case of self-employed businessmen and
self-employed professionals, the proof of business existence and Education qualifications
certificate is required. Identity aid residence proof for of the applicant
should be submitted. Along with this, the bank statement of last six months is
also required.
Why Choose Us?
Abmlaons offers quick and
convenient loan against property in India. We aim to offer you speedy approvals
and an overall hassle free experience in procuring the loan. We offers complete
transparency in our operations and have managed to win the trust of hundreds of
loan seekers within a short span of time. This has made us one of the best
financial services company in India and also one of the Best Housing Finance Company
in India. We also offer the option of repayment of loan before
the tenure.
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