Everything you need to know about Loan against Property

Let us assume that you’ve bought a luxurious home recently and invested all your money in it. Then, all of a sudden you have a requirement at your business for a new machinery or an additional investment and since you have invested everything in home, you don’t have enough money to buy it.

What do you do now?

When you are pushed into those critical situations, you have an option to get you out of the pit with a financial assistance through ‘Loan against Property’.

Not sure, what is Loan against Property!

Loan against property is a secured loan lent against your property as security for the personal or business needs of the individual.

Below categories are eligible for this loan,

  • Salaried
  • Self Employed Professionals
  • Self Employed Non Professionals

The purpose of your loan can be anything from business expansion, balance transfer & loan top-up and your loan size can be from 10 lakhs to 300 lakhs for a tenure from 3 years up to 15 years.

What is required to apply for this loan:

Address proof

Proof of identification

Income proof (Recent Pay slip with all deductions / Form 16)

If self-employed, needs to submit income tax proof.

What is the features that helps you with your loan

Get a flexible repayment option

Service at your doorstep

Instant approval and speedy process

Easy Documentation with no more hassles

No hidden charges, the only charge is you would be charged for processing the loan.

When you mortgage your property, the bank takes less risk, which means you have the chance to get a good interest rate. Still, other factors like your credit score, regular income, and job stability may also impact your loan approval chances and the interest rate. Our loan to value is comparatively higher when comparing with other banks. Loan to value is nothing but the worth of your asset, which you are pledging.

Loans can help you to make your dream come true and plan your finances accordingly. Enjoy your fun banking with Equitas.

About #FunBanking

The days of Banking being Drab and dreary are over. In the Equitas Era of Fun Banking, get your High five's when you visit our Branch. Watch our fun music videos. Chat with our expert mimicry artists on Customer support, and this is only the start. We take banking seriously, but with a smile!