Mortgage Loan in Geeta Colony, Delhi

What is a loan against property for self-employed? It is a secured loan where the property is pledged to borrow the amount from the bank. The loan can be availed against property owned by the borrower for residential, commercial or as an industry purpose. In comparison to business loans, loan against property for self-employed is a better option when self-employed individuals want to meet any kind of personal requirements with a bigger amount and need more repayment time with less interest rates. A loan is provided by the banks which is usually 50%-80% of market value of the property mortgaged, depending upon the type of property (i.e. residential, commercial or industrial). Why should one opt for Loan against property for Self-employed? Loan against property for self-employed is a good option for the self-employed individual. Loan against property for self-employed offers wider benefits to the customers in comparison to other loans like a business loan. Considering most financial institutions offer it easily, it is conveniently available as a secured loan. Loan against property for self-employed has better tenures and a bigger amount is sanctioned against property. Also, interest rates are much lower to business loans. Hence this makes it a preferred option.

Owing to our immense expertise in this domain, we have carved a niche in the industry as the reputed service provider for Loan Against Property.   Documents Required for L.A.P Registered Deed, Sell Deed, Power of Attorney Telephone Bill/Ration Card/Voter Card/ Aadhaar Card/Passport I.D. Proof,Pan Card/Driving License 2 Photographs (Passport Size) Bank Statement of Last three Months Electricity Bill I.T.R (Income Tax Report) of last three years Amount of loan allowed up to a maximum of 80% of the current market value of the property offered in mortgage. Installment payable on monthly/quarterly/ half yearly or yearly. Property of any type and anywhere in India is acceptable. Loan process and disbursement both take about 15 to 20 days. Period loan allowed up to a maximum of 20 years minimum period loan is one month.

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