Gurgaon is a city where many industries and businesses are established, which provides great employment opportunities to the residents. Despite a healthy economical prospect in the city, residents may often feel the need of large sum of money, which they cannot always manage from their monetary savings or income. In such cases, they can apply for a loan against property in Gurgaon from top banks or NBFCs at loanbaba.com.
The website is oriented to offer various benefits, the foremost being, facility of comparing financial institutions and their loan against property products, which makes it easier for customers to choose and apply with the bank or NBFC of their choice for property loan in Guargaon.
What are the Benefits of Loan against Property in Gurgaon?
- The property loan can be taken buy salaried and self-employed individuals. But, the applicant must be the owner of the property in question.
- As Gurugram property loan is a secured one, the interest rates are lower. Flexible tenure and repayment options could be available.
- Loan can be availed on both residential and commercial property and if all the necessary documents can be submitted to the bank/NBFC.
As a platform to connect with loan against property provider in Gurgaon, loanbaba assists you to compare top banks such as SBI, ICICI, Axis and more. You can get all information about mortgage loan schemes in Gurgaon and loan against property interest rates in Gurgaon.
Documents for Mortgage Loan in Gurgaon
Here is a list of documents needed to attain loan against property:
- Proof of residence, photo identity proof, passport sized photographs
- Property documents and proof of property ownership
- Income proof, bank statements and other essentials
Features of Loan against Property in Gurugram
- Most of the financial institutes are willing to provide property loan, as it is secured in nature, thus even if the borrower defaults, the lender can recover the outstanding amount from the property collateral.
- Property loan tenure can be up to 15 years, and in some cases, more.
- The bank or NBFC can offer up to 70 percent of the property’s current market value. You can get a loan of up to Rs. 5 crores.
- The foreclosure terms for such loans are quite simpler than unsecured loans.
- As there is collateral submitted, the interest rates are also on the lower end as compared to unsecured loans.
Why Take Gurgaon Property Loan from Loanbaba.com?
As loanbaba.com allows you to compare, select and apply for Gurgaon Loan against Property with top banks and NBFCs, you get a complete understanding of the loan plan and details. The website has many free financial tools such as loan against property eligibility calculator and loan against property EMI calculator. Other benefits of loanbaba loan against property are mentioned below:
- Apply for loan against property in Gurugram, online application in less than 2 minutes.
- Quick loan approval and disbursal from banks and NBFCs
- Instant customer service through live chat and toll free number. You can also give a missed call or contact via email.
