Overview

Property loan consultation serviceshelp you get a loan to meet your financial needs. You can avail this loan for residential or commercial property collaterals. Your property will be mortgaged and about 60-70% of the value of your property will be given to you as a loan. This loan is one of the most sought forms of getting loan. Taking advice from the best property loan consultants near mewill guide you in the right direction. This type of loan is easy to avail and repay due to its low interest rates and extended loan tenors.

Key Features for Availing Property Loan

Eligibility

Those who are engaged in trade, self-employed or salaried are eligible for taking loan against property eligibility.

Loan Amount

You can avail loan, ranging from Rs. 5 lakhs to 10 crores.

Fast and Easy Processing

With fast application and minimal paperwork, an executive of the bank can get your loan processed in no time.

Loan on Any Property

Those who have residential, industrial, commercial properties can take loan on any of these properties.

Processing Fee

A processing fee is payable, equivalent to 1.0%-1.5% of the loan amount sanctioned.

Floating and Fixed Interest Rates

Loans against property are available at attractive interest rates with an option of fixed or floating rates.

Insurance

You can avail property loan according to the guidelines with the insurer to reduce the risk of repayment of loan in future.

Flexible Tenure

Since there is flexible tenure loans against property,you can easily pay this loan over a period of 12-180 months.

Easy Repayment

You can repay your loan through easy property loan repayment options, such as EMI, post-dated cheque as decided during the loan sanctioning process by bank.

Flexible Tenure

Since there is flexible tenure loans against property,you can easily pay this loan over a period of 12-180 months.

Eligibility Criteria for Property Loan

Employment Stability

To get property loan, you should be employed and salaried for at least two years in your current profession or you should be self-employed in business with at least three years.

Age Criteria

You should be minimum 21 years of age and maximum 60 years of age. If you are self-employed, the upper age limit is relaxable by five years.

Income Levels

Your current income level plays a very important role in getting you loan. Higher your income level, higher the chances of getting property loan.

Credit Rating

Credit rating plays a very important role in getting loan. Good credit rating will increase the chances of getting loan with more flexibility on EMI, loan amount, interest rates and tenure. On the contrary, fraudulent tracks and default payment records will result in the rejection of your loan application.

Documents Required

Documents required for property loaninclude the following:
• A dully filled loan application form
• Proof of identity, such as Aadhar Card, PAN Card, Passport or Voter ID
• Proof of address, such as property tax receipt, telephone bill, latest electricity bill, passport or voter ID
• Two recent passport size photographs
• Bank account statement of last twelve months
• Identification of signatures from bankers

Collect Data and Information

Your project feasibility depends on the quality of data and information. Collect these things from various sources, such as industry reports, market research, surveys, site visits, interviews, standards, regulations, and best practices. Your feasibility report for constructionshould be valid, complete, accurate, and consistent.

Analysis and Evaluation

When you got enough data and information, analyze and evaluate the different alternatives of your project, and compare the price, risks, benefits, and impacts of each alternative.They should meet your criteria. Consider the feasibility of each alternative from various angles, such as financial, technical, operational, social, environmental, and legal and use the right techniques and tools, such as risk assessment in construction, cost-benefit analysis for projects, SWOT analysis and sensitivity analysis to support your evaluation and analysis.

Present Findings and Recommendations

Finally, present your findings and recommendations in a brief and clear manner. Summarize the main results of your analysis and evaluation and showcase the weaknesses and strengths of each alternative. Give your recommendations and justify your choice with reasoning and evidence. In addition, outline the assumptions and limitations of your property advisory feasibility studies and suggest any further research and actions as needed.