What is Mortgage Loan/Loan Against Property?
An applicant may obtain a secured loan from banks and other financial organizations by mortgaging property in order to qualify for a loan against property. The property that has been pledged serves as collateral for the funds they obtain. The mortgage amount can be used for plenty different things, such as starting a new business, going to the doctor, or even purchasing a new home.
Calculate Interest
Compute your loan interest accordingly 5L to 5CR , 8.25% to 24.25% , 6 Months to 240 Months
Months
Your EMI
Loan Amount
Total Interest payable
Total Payment
Mortgage Loan Types
A fixed-rate mortgage loan interest rate will remain
constant for the duration of the loan. In the event that
you choose the annuity payment plan, your monthly payment
will remain the same for the term of the loan.
This type of mortgage loan, where the interest rate
fluctuates throughout the term, is also referred to as a
variable rate mortgage loan. The benchmark interest rate
may stay steady for a while, but it could fluctuate if the
Reserve Bank of India changes its monetary policy
decisions. This may also result in a modification of the
mortgage loan's interest rate.
Eligibility Criteria For
Loan Against Property/mortgage loan
| Criteria | salaried, self-employed and individuals |
| Criteria | Requirement |
| Age | Min age – 21 |
| Residency Status | Resident Indian |
| Employment | Salaried or Self-employed or individuals |
| individuals | 650 and above |
Documents Required
| ID Proof (Voter ID, Passport, PAN Card, Passport) |
| Address Proof (Aadhaar Card, Ration Card, Voter ID and Bank Passbook) |
| Proof of Residence ownership (Property Documents, EB Bills) |
| Proof of Income (Payslip, Employment Certificate, Experience Certificate) |
| Last six months Bank Statement |
Frequently Asked Qusetions
Our website allows you to apply for a mortgage loan online.
The process involves filling out an application form and
submitting the required documents.
The amount you can borrow depends on factors such as your
income, credit score and the value of the property you want to
buy. We will assess your financial situation and advise you on
the maximum loan amount you qualify for.
Interest rates vary depending on your credit profile, loan
amount and loan term. We offer competitive pricing and provide
detailed information during the application process.
Approval times may vary, but we aim to process applications as
quickly as possible, you can generally expect a decision
within a few weeks.