Mortgage Loan Against Property
Access secured loan funds easily by securing a Mortgage Loan Against Property with attractive interest rates.
What is Mortgage Loan Against Property and Why Should You Consider It?
Defination:
A loan against property is a secured loan where you pledge your residential or commercial property as collateral to obtain funds. It is an effective way to finance large expenses like business expansion, education, or personal needs. With competitive mortgage rates, this financing option provides lower interest rates than unsecured loans. By opting for finance against property, you can secure high-value funding while retaining ownership of your asset.
Why Choose Loan Against Property?
- Lower interest rates compared to personal loans.
- High loan amounts based on property valuation.
- Flexible repayment tenures.
Mortgage Loan Against Property helps individuals or businesses secure funds without selling their property, offering financial flexibility.
Key Features of Mortgage Loan Against Property
Loan amount
30 Lakh - 1 Crore's
Loan Tenure up-to
48 months
Loan Sanction in
30 days
Disbursement time
5-8 days
Eligibility & Documentation
Who Can Apply?
Anyone who owns a property can apply for a loan against property. This includes: Salaried professionals. Business owners. Property owners with a stable income. Eligibility Criteria for Loan Against Property CIBIL Score of 700 or higher. Clear property title. Proven repayment capacity.
CIBIL Score of 700 or higher
Clear property title
12 months bank statement
Proven repayment capacity
Get your Loan in 4 easy steps
01.
Apply for Loan
Complete the loan application form online with your personal and financial details.
02.
Documentation and KYC
03.
Accept the Loan Offer
04.
Disbursement
Once you accept the offer, the lender will transfer the funds to your bank account.
Documents Required for Loan Against Property
Ensure smooth processing of your loan against property application by providing the necessary documents.
- Passport (optional)
- Driver’s license
- Aadhar card*
- Voter ID card
- PAN card*
- Utility bills (electricity, water, gas)*
- Deed
- Mother Deed
- Khazna
- Porcha
- Sanction Plan
- Tax Bill
- GST registration certificate.
- Partnership deed (for partnerships business)
- Memorandum and Articles of Association (for companies)
- Trade license
- Shop and Establishment certificate
- Udyam certification with annexure
- GST certificate
- Business bank statements
- Income tax returns of the business
- GSTR 3b
- Audited financial statements (Profit and Loss statement, Balance Sheet)
- Business income proof (such as sales invoices, contracts, or revenue statements)
- Passport-sized photographs
- References
- Any additional documents requested by the lender
- Having a co-applicant is mandatory.
- In certain cases, having a woman co-applicant is also mandatory.
- A co-applicant can be a spouse or any first blood relative, such as parents, siblings, or children who have attained the age of maturity (subject to the income-ownership grid).
- All co-owners of the property must be part of the loan structure.
- Friends cannot be co-applicants unless they are coming in the capacity of partners, directors, or shareholders.
Official Lending Partners
Our Happy Clients
Best Loan service
“I secured a loan against property through CreditCares, and the process was seamless. The interest rates were very competitive, and the team provided great assistance at every step. Highly recommended!”
Nice Service and Support
“The loan against property service helped me expand my business. The flexible tenure and transparent process made the experience stress-free. Thank you, CreditCares!”
Good Service for Loan against property
“I applied for a loan against property for my child’s education. The team guided me throughout, and the loan was disbursed within days. Excellent service!”