AuthorAlisha 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. Archives
March 2020
|
Back to Blog
Your home is not merely a place you live. Overtime it becomes a part of your personality. Moreover, it requires maintenance or refurnishing. You can opt for Loan Against Property which helps to liquify your fixed assets (a property).
Here are some quick benefits of the loan – > Home loan amount You can avail up to 50-60% of the property value as loan. It can be from Rs 1 crore up to Rs. 3.5 crores. > Loan tenure You can get the loan tenure starting from 2 years up to 20 years, so you can easily pay off the loan.
> Interest rate
As this is a secured loan where you have pledged your property as collateral you can enjoy lower interest rate on the loan. > Loan usage Leading NBFCs like Bajaj Finserv offer the Flexi Hybrid feature as per which you can borrow according to your requirement from the loan amount sanctioned. Interest is charged on these daily withdrawals. This helps to lower the EMI by up to 45%. > Instant approval You can easily apply for the loan online via the lender’s portal. The process does not require elaborate paperwork. Once applied the lender’s representative will get in touch with you for collecting documents and will guide you through it. Basic Documentation For salaried individuals – · Latest salary slips · Bank statements of last three months · PAN card/ Aadhaar card · Address proof · Property documents of which is mortgaged Also Read here to know more: Remake Your House into Dream Home with Loan against Property View the Video also to learn how to apply:
0 Comments
Read More
Leave a Reply. |