How to get a Loan Against Property without facing any trouble

HDFC bank loan against property Want to take your business on a new height then why are you waiting? Pledge your property to get the loan & apply today Get an HDFC bank loan against property to fulfil your personal and professional needs.

Types of HDFC Loan Against Property • There are three types of HDFC loan against property that you can consider are: • HDFC Loan Against Property Fixed Rate Loan: Fixed rate loan name itself clarifies that it is a fixed rate of interest available on this loan. At the time of loan application rate of interest and EMI will be calculated beforehand.

Your rate will be fixed, and you must pay on monthly payments basic.

• HDFC Loan Against Property Adjustable Rate Loan: For an initial time rate of interest in fixed afterward, monthly or yearly intervals takes place wherein loan against property interest rates changes.

• HDFC bank loan against property interest rate & loan amount

What are the factors generally affecting Loan Against Property Eligibility Criteria?

There are few factors that generally affects Loan Against Property Eligibility Criteria as given below: Borrower Age: - Lenders are concerned about your age, because the tenure will be decided on your current age, suppose if your age reached nearby 60 above or will be reaching within a 2 –3 years, then in this case your loan will be rejected.

AImpact of earlier loan Rejection: - Generally, Financial institutions check your record that have you ever applied for loan & that has been rejected, if yes then it will also show on your credit profile which will affect your loan application.

Incomplete Property Documents: - Incomplete Property Documents: - Due to Incomplete Property Documents you will not get a loan, therefore, ensure that you have all the mandatory property documents with you like title deed, having approval from relevant authority, when you apply for loan against property.

Applicant Income: - Might be you are pledging your home as a collateral/security even though you need to show a regular source of income while applying for loan against property.

Frequently Asked Questions Does loan provide to property without map?

No, generally lenders won’t provide loan to property without map as it consists higher risk if applicant fails to repay EMI or principal amount, they can’t able to auction the property easily.

What is the difference between loan against property & personal loan?

Personal loan funded totally based on your income & credit history wherein loan against property require property valuation whether its in good condition & approved so that banks & nbfc can able to do funding.