Loan Against Property
Mortgage Loan
Mortgage Loan / Loan Against Property is the perfect way to unfold the hidden value of your property. This loan, can assist you in taking full advantage of life's little surprises that you may have previously overlooked owing to a lack of funds.
With a loan against property, you can realise your aspirations! What is there to be imagined? This loan is offered at an affordable rate and can be readily repaid over a period of up to 15 years. Any reason is permissible for a loan against property.
With a loan against property, you can realise your aspirations! What is there to be imagined? This loan is offered at an affordable rate and can be readily repaid over a period of up to 15 years. Any reason is permissible for a loan against property.
A mortgage loan, sometimes known as a “mortgage,” is a loan that real estate buyers or existing property owners can use to raise money for any purpose while enforcing a lien on the real estate being purchased. Within the mortgage origination process, the borrower’s property serves as the loan’s “secured” party. In the event that the borrower defaults on the loan or otherwise violates its conditions, this implies that a legal process is put in place that enables the lender to take possession of and sell the secured property to pay off the loan.
Benefits of Business Installment Loan
- Loan up to 75% of the market value of the property*
- Flexibility to opt for pure Term Loan or a combination of Term Loan & Overdraft
- Loan up to a maximum of as per your property value
- Tenure up to 20 years
- Attractive interest rates
Documentation
Salaried employee
- Completed Home Loan application form
- 1 Passport size photograph
- PAN Card Copy
- Proof of identify (Copies of Voters ID card/ Passport/ Driving licence/ Aadhaar Card)
- Proof of Residence(Copies of Voters ID card/ Passport/ Driving licence/ Aadhaar Card)
- Salary Slips for last 3 months
- Form 16 and IT Returns for last two financial years
- Bank Account Statement/ Pass Book for last six months
- Existing Loans Statements ( If Any)
- Appointment Letter from the present Employer.
- Relieving Letter from previous Employer
Self Employed
- Completed Home Loan application form
- One Passport size photograph
- Copy of PAN Card
- Proof of identify (Copies of Voters ID card/ Passport/ Driving licence/ Aadhaar Card)
- Proof of Residence(Copies of Voters ID card/ Passport/ Driving licence/ Aadhaar Card)
- Income tax Returns for the last 3 financial Years
- Computation of Income, Profit & Loss A/c, Balance Sheet, Schedules and Tax Audit reports for the last 3 financial Years attested by C.A.
- Bank Statement for last 1 year (Current A/c)
- Bank Statement for last 1 year (Savings A/c)
- Loan Statements (if any)
- Business Proof (GST Reg/MSME Reg/Firm Reg/Incorporation Certificate)
Why Us
Why People Choose Us
At Paisemart, we truly believe in the values of honesty and transparency. Our customers are the centre of our universe. Our priority is to keep our loan products simple, to ensure transparency, and to demonstrate an unwavering commitment to our customers.
MULTIPLE CHOICE
Various Bank’s loan products offered by Paisemart under one roof, helps you save time and choose the best option.
EXPERT TEAM
Team Paisemart backed with strong knowledge on product and vast experience in the industry will guide you throughout the loan process.
TRANSPARENCY
Clear communication on interest rates, documentation and loan process keeps you away from unpleasant surprises.
RELIABLE
No false assurance, No wrong commitment, No additional cost, only Expert Advise and Professional Services for you.
LONG TERM SUPPORT
Customer service is extended not just during loan processing rather you get support till the loan closure.
QUICK DISBURSEMENT
The optimum use of Technology, Team and efficient System makes your loan processed faster.