We all face a cash crunch. It is on this occasion that the need for loan against property is most felt. Indeed, loans against residential, commercial or industrial property comes as a great respite and help the individual tide over the difficult time. The borrowed sum can be used for various reasons that can be the education of kids, their marriage, business etc.

Loan against property is a secured loan and therefore comes with a lesser rate of interest than is the case with unsecured loan. The amount that one can avail depends on the market value of his property, the credit score of the applicant, etc.

What needs to be understood here is the fact that loan against property can be prepaid as well. However, some lenders charge prepayment amount while some do not. The applicant should therefore carefully understand the terms and conditions of the lender so that every point is discussed at the very onset.

Why IndiakaLoan.com? You Will Know Why!

It is not at all possible for any individual to go through the scores of offers floating in the market and choose the one that would best serve his purpose. It is here that IndiakaLoan.com, India’s most trusted facilitator for loan against property, comes to the fore and helps the applicant avail the best of loan against property from the best of lender that will best support his requirements.

The company offers expert and professional advice to those seeking loan against property. It manages the entire loan process which makes it very simple and easy for the applicant. The company has tie-ups with 40+ banks and NBFCs which makes it very easy for the outfit to suggest a lender whose offer is best suited for the applicant’s requirements.

Uncomplicated procedure, personalized attention, and swift approval make us stand apart from the crowd making us one of the most trusted loan advisors in the country.

Read About Points To Consider Before Taking Loan Against Property

Who Can Avail Loan Against Property?

If you want to avail loan against property through IndiakaLoan.com swiftly, be it loan against hotels, loan against hospitals, loan against residential property, loan against residential plot, loan against industrial property then you need to fulfill the following eligibility for loan against property as mentioned here:

  • The applicant must be an Indian National.
  • He/she must have attained the age of 21 years at the time of applying for the loan.
  • He/she must be holding a job or should be employed in the present business for a specific number of years.
  • He/she must be earning a specific amount and possess the monthly repaying capacity.
  • The applicant must have a good credit history as well as a proven track record of timely EMI and card bill repayment.
  • These will not only help in securing the lowest interest rate loan against property but will also help in cutting down on loan application processing time thereby speeding up the process.

Document Checklist for Availing Loan against Property

Here is the list of documents required for availing loan against property are:

For Salaried Individuals

  • Application form with photographs duly signed by applicant and all co-applicants
  • Identity and residence proof (Aadhar Card, Voter ID Card).
  • Last 1 year of bank statements of current & savings account of all applying individuals and/or companies
  • Last 6 months salary slips
  • Log in fee – Cheque in favor of particular Bank/NBFC
  • Form 16 / Income Tax Returns
  • Last 3 years’ income tax return with computation of all applying individuals and/or companies
  • Educational Qualification
  • Complete property documents chain along with the map
  • Sanction letter of all running loans in the name of applying individual and/or company
  • Last 1-year running loan bank statement track

For Self-Employed Professionals

  • Application form with photographs duly signed by applicant and all co-applicants
  • Identity and residence proof (Aadhar Card, Voter ID Card).
  • Last 1 year of bank statements of current & savings account of all applying individuals and/or companies
  • Log in fee – Cheque in favor of particular Bank/NBFC
  • Form 16 / Income Tax Returns
  • Last 3 years’ income tax return with computation of all applying individuals and/or companies
  • Last 3 years’ CA Certified / Audited Balance Sheet and Profit & Loss Account
  • Complete property documents chain along with the map
  • Sanction letter of all running loans in the name of applying individual and/or company
  • Last 1-year running loan bank statement track

For Self-Employed Non Professionals

  • Application form with photographs duly signed by applicant and all co-applicants
  • Identity and residence proof (Aadhar Card, Voter ID Card).
  • Last 1 year of bank statements of current & savings account of all applying individuals and/or companies
  • Log in fee – Cheque in favor of particular Bank/NBFC
  • Form 16 / Income Tax Returns
  • Proof of business existence and business profile
  • Last 3 years’ income tax return with computation of all applying individuals and/or companies
  • Last 3 years’ CA Certified / Audited Balance Sheet and Profit & Loss Account
  • GST Certificate
  • Last 1 year’s GST track
  • Complete property documents chain along with the map
  • Sanction letter of all running loans in the name of applying individual and/or company
  • Last 1-year running loan bank statement track
  • Company MOU/AOU

Proficient and seasoned team, capable leadership and the passion to assist people approaching us to ensure that we give our best to our clients and impress them with the commitment and quality of our services.