Obviously, I am writing this review because Team LoanKorner delivered on their promise to fund my loan and finally take me out of the cycle of the higher cost loan products that had plagued me and my business. Bharat Shukla and his staff were diligent in keeping me apprised of the status of my request, throughout the underwriting and approval process, and they provided me honest, direct feedback, every step of the way.
Thanks again!
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Loan Against Property - HDFC Bank, Axis Bank, ICICI Bank
Key Features & Benefits of HDFC Loan Against Property in India
- Best offers for salaried and self employed
- Compare and get lowest interest rates @8.35%* from banks
- Balance Transfer with reduced interest rates and EMI’s
- Maximum loan tenure upto 30 years
- Nil prepayment charges options
- Quick processing and disbursal of Home Loans.
- LAP Transfer at attractive interest rates.
- Approval of loan even if property is yet to be selected
- Facility for funding for builder’s under construction and ready properties
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- Apply for SBI Loan Against Property
- Apply for Bank of Baroda Loan Against Property
- Apply for PNB Loan Against Property
- Apply for HDFC Loan Against Property
- Apply for Dhanlaxmi Bank Loan Against Property
- Apply for ICICI Loan Against Property
- Apply for LIC Loan Against Property
- Apply for Citibank Loan Against Property
- Apply for Standard Chartered Loan Against Property
- Apply for Punjab National Bank Loan Against Property
- Apply for Indian Overseas Bank Loan Against Property
- Apply for Canara Bank Loan Against Property
- Apply for DHFL Loan Against Property
- Apply for IDBI Loan Against Property
- Apply for Central Bank of India Loan Against Property
- Apply for Allahabad Bank Loan Against Property
- Apply for Dena Bank Loan Against Property
- Apply for RBL Bank Loan Against Property
- Apply for PNB Loan Against Property
- Apply for Indiabulls Loan Against Property
- Apply for UCO Bank Loan Against Property
- Apply for Punjab & Sind Bank Loan Against Property
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Loan Against Property Knowledgebase
Loan Against Property Eligibility Criteria in New Delhi
For salaried individuals, and for professionals and businessmen who are self-employed, the loan against property eligibility requirements in banks or for other institutions are pretty similar.
According to the eligibility criteria to avail Loan against property, you:
- Must be an Indian national
- Should be at least 21 years at the time of submission of the loan application
- Must have been employed by the current organisation or should be involved in the current business for a specific number of years
- Meets the minimum required salary as well as monthly repaying capacity
- A good credit history with proven track record of timely loan EMI and credit card bill repayment may help secure a lower interest rate and reduce processing times
Loan Against Property Documentation Requirement
Depending on whether you are salaried, or a self-employed professional, or a self-employed businessman, banks ask for different set of Loan against Property documents.
The documents required for loan against property are as follow:
For salaried individuals:
- Proof of identity and residence proof
- Salary slips for past 3 months
- Form-16 issued by current employer
- Bank statements of salary account for the previous six months
- A cheque covering the administrative costs/processing incurred by the bank in processing the application
For Self-employed Businesspersons:
- Proof of identity and residence proof
- Educational qualification certificates, degrees, diplomas, and other academic credentials
- IT Returns of the three years preceding the one in which loan is applied for
- Bank statements of six months preceding the one in which loan is applied for
For Self-employed Professionals:
- Identity and Address proof documentation
- Certificates that prove your academic qualifications/credentials
- All registration/licensing certificate pertaining to your profession
- Business existence proof/business profile details
- Previous 3 years’ balance sheets as well as P&L Statement of the company.
- Acknowledged Income Tax statements of the company and self for previous 3 years
- Last 6 months’ bank statement.