Hero Motocorp loan against property – Get quotes on Rates, Eligibility, loan Amount, EMI per month, Documents & Online apply procedure, Terms & conditions through deal4loans.com
Hero Fincorp Property Loan Details
|Loan Amount||Upto 85% of Property Value|
|Repayment Period||Upto 15 Years|
|Pre Payment Charges||Nil|
|Minimum Income||15000 Per Month|
All the Manufacturers, Traders and Service Providers who have properties valued above INR 50 Lakh are eligible to take property loan from Hero Fincorp.
Age at maturity maximum 50 years
Minimum age of applicant should be 25 years
Documentation required to Apply for Hero Fincorp Loan against property
1. KYC and verification documentation
2. Copies of property papers
Loans are available for corporates, partnership firms and self employed individuals for up to 15 years with attractive interest rates. Borrowers can take loan for personal expenses, Business activities. Loan available against Residential & commercial property.
Need High loan amount so don’t hesitate to include your spouse as a co-applicant for the Loan. His / her income can be added to enhance the loan amount. However all co-owners of the property should necessarily be the co-applicant.
What security will I have to provide?
The security for the loan will be the first mortgage of the property (Equitable mortgage by Memorandum of Entry) to be financed, normally by way of deposit of title deeds and/or such other collateral security, as may be necessary. Collateral security for by way of assignment of insurance policy or any such other assignable financial instruments are also required, as security to loan if deemed necessary by Hero FinCorp.
How do you determine my eligibility for a loan and the loan amount?
Eligibility considered on the basis of below parameters:
Valuation of Property (Fair market value)
Existing obligations, if any
Stability/Continuity of employment/Business
Other Available Products of Hero Fincorp:
Hero Fincorp Two Wheeler Loan
Hero Fincorp Home Loans