Property Loan | Compare | Interest Rates | Eligibility | Documents | Apply

Property Loan – Compare Interest Rates and processing fee, Know about documents, Compare Commercial and Residential Property Loans from Various Banks, know the features like rate of interest, tenor etc

We will offer you a property loan, Be it commercial or residential. You can also apply for this loan if you need funds to acquire new property, building etc. A take-over of your existing loan with refinancing is also probable with Asset Power. click to calculate emi of property loan – EMI Calculator

Get Free Instant Quotes on Rates, EMI & Eligibility on Loan Against Property

Professional Details
Loan Amount:

Occupation:

Net Salary/Income (Yearly/ITR):

City:

Property is any physical or intangible entity that is owned by a person or jointly by a group of people. Depending on the nature of the property, an owner of property has the right to consume, sell, rent, mortgage, transfer, exchange or destroy it, or to exclude others from doing these things. Important widely recognized types of property include real property (the combination of land and any improvements to or on the land), personal property (physical possessions belonging to a person), private property (property owned by legal persons or business entities), public property (state owned or publicly owned and available possessions) and intellectual property (exclusive rights over artistic creations, inventions, etc.), although the latter is not always as widely recognized or enforced. A title, or a right of ownership, establishes the relation between the property and other persons, assuring the owner the right to dispose of the property as the owner sees fit.
Document, Eligibility and Advantage:

Eligibility:

  • 21 Years and above having regular income is applicable.

Maximum Loan:

  • 85 % of the cost of the property and is also based on the repayment capacity of the customer.

Maximum Term:

  • 15 years, this of course takes into consideration your retirement age.

Advantage(s):

  • Is generally a smaller loan than a home mortgage
  • You can purchase your land, then take your time building your home

Documents Required by Banks for the approval Property loans:

Salaried customers:

1. Application form with photograph
2. Identification and Residence proof
3. Latest salary slip
4. Form16
5. Last 6 months bank’s statement
6. Processing fee cheque.

Businessman/ Self employed professional:

1. Application form with photograph
2. Educational qualification
3. Identity and residence proof
4. Proof of business existence with business profile and last three years income tax return
5. Last 3 years income statement and balance sheet.
6. Last 3 month’s personal and business bank statements.
7. Processing fee check