Are You looking for a Experienced & Professional
DSA FOR LOAN AGAINST PROPERTY (LPA) IN Krishnagiri
Find the Best Solution with our LOAN AGAINST PROPERTY Agents in Krishnagiri?
Loan Against Property | Mortgage Loan | Construction Loan | Loan Against Property Balance Transfer
The Experienced loan against property agents in Krishnagiri help you with the choice of the best loan offers from all major banks including State Bank of India, Bank of Baroda, LIC Housing Finance, HDFC Bank, Axis Bank, ICICI Bank, PNB & many more
How Are We Different
We Understand needs
A Loan Against Property is the biggest financial commitment most of us will make, so it is important to understand what Loan Against Property are on offer and find one that meets your needs.
We Compare Options
We can help find the right Loan Against Property for you. So whether it’s buying your first home, your next home, an investment property or just want to refinance to a better deal, talk to us.
We Offer Professional Service
We have a lot of knowledge that we are happy to provide. If you proceed with an application, we prepare all the paperwork required and will assist you throughout the entire process.
We understand your requirement be it Loan Against Property or any other loan. We always suggest the best & cost effective product. We do a full review of your existing Home / other loans and show you how we can help you save money and interest and pay off your loan sooner.
Why Use Loan against property Agents in Krishnagiri
The best Loan Against Property agents in Krishnagiri provide complete assistance to get quick and hassle-free financing from the desired bank. They have access to the latest offers and various products of all the major banks. They are the right source to find a right product and they will recommend the best product matching your requirements.
They’ll answer all your questions, help you with your loan application, and give you a good advise of what you’ll need to do and when you’ll need to do it.
More than 70% of India’s Loan Against Property are processed by Loan Against Property agents, and there’s a reason so many Indians hire Loan Against Property agents for comparing rates and getting better deals like:-
-
-
- 100% Loan Against Property
- 90% of Property Value
- Cibil Score problem
- NRI Loan Against Property
- Loan Against Property for Negative Employment
-
How we find you the right solution
Step 1- The Loan Against Property in Krishnagiri will understand your personal situation and your need
Step 2- They compare various products of loans from several different banks
Step 3- Our Loan Against Property in Krishnagiri will recommend the right product for you to choose from.
Step 4- They provide complete assistance and end to end processing of your loan application.
Loan Against Property Agents in Krishnagiri also help you to complete all the necessary paperwork, and they’ll even help translate the sometimes-confusing industry jargon into simple language. For this reason, a Loan Against Property agent should be considered by anyone who is pressed for time or unsure of the details regarding Loan Against Property financing.
Loan Against Property can be availed for
New Flats / Apartment Purchase
Under Construction Projects – New bookings
Plot Purchase Loan Against Property
House Construction Loan
Loan Against Property Balance Transfer & Top Up
Loan Against Property Refinancing
What is the Maximum Loan Against Property Limit?
Loan Against Property can be applied for any amount but banks will consider the following points while calculating your Loan Against Property eligibility.
- Your Financial Eligibility – You can plan your Loan Against Property EMI up to 75% of net monthly income and this will include all your current financial obligations.
- Market Value of the Property – Banks offers Loan Against Property up to 90% of market value subject to the following conditions
-
- If the Loan amount is < 30 lakh – 90% of the property value
- If the Loan amount is < 75 lakh – 80% of the property value
- If the Loan amount is > 75 lakh – 75% of the property value
-
Frequently Asked Questions
What is a Loan Against Property?
A Loan Against Propertyis offered by banks to buy a property, to buy a residential plot, to construct a house, for extension/renovation of the existing house, and refinancing of an existing Loan Against Property.
Who can take a Loan Against Property?
Individuals: Salaried Individuals: Any individual who is in permanent service in any government undertaking or any reputed private sector company in India. Bank also offers loans to salaried Non-Resident Indians (NRIs) working with reputed companies in select countries.
Professionals: Professionals i.e. allopathic doctors, architects, chartered accountants, cost accountants, practicing company secretary, management consultants, and lawyers.
Self Employed: Individuals like traders, distributors, manufacturers, service providers etc.
Non-Individual Entities: Proprietorship Firms, Partnership Firms, Private Limited Companies, Public Limited companies.
How much is Loan Against Property Processing fees?
MostLoan Against Property provider banks charge Loan Against Property processing fee, which can vary from Rs. 5000/- up to 1% of the loan amount. But you don’t worry our loan experts will get you the maximum possible discount on processing fees or even try to make it ZERO.
Also bear in mind that these processing fee costs can sometimes comprise of two fees. An increasing number of lenders charge a non-refundable processing fee which is effectively a loan application fee. You won’t get back this back if you end up not taking the Loan Against Property and even loan application rejection due to low Cibil score, Loan to Value ration or your financial eligibility.
The second type of fee is a processing fee that you pay on completion of the Loan Against Property so you won’t have to pay it if, for any reason, you don’t take the Loan Against Property.
There are banks that charge legal and technical valuation fees in addition to processing fees.
Remember to always include these costs, as even if a lender is offering a seemingly unbeatable rate, higher fees could mean that it actually works out to be more cost-effective to opt for a higher rate of other banks, but with a much lower fee, or no fee at all.
It will all depend on how much you are looking to borrow. A high fee is often worth paying in order to secure a low-interest rate if you are applying for a large Loan Against Property. But those with smaller Loan Against Property
How much can I borrow?
Get a quick estimate of how much you may be able to borrow based on your current income and existing financial commitments. You have to fill the above form to get your Loan Against Property eligibility calculated. You can also check your estimated Loan Against Property eligibility using our Loan Against Property eligibility calculator.
The bank disburses your Loan Against Property as per the following terms and conditions:-
90% of Property Value if Loan Against Property amount is less than 30 Lakh
80% of Property Value if Loan Against Property amount is less than 30 Lakh but less than75 Lakh
75% of Property Value if Loan Against Property amount is more than 75 Lakh.
could be better off opting for a higher rate and lower fee.
Can I Buy Property on Joint Name?
Yes, you can buy property in a joint name but both owners have to be a first family member and will have to be loan applicant and their credit score will be considered while processing your Loan Application. In addition to credit score, their financial eligibility will also be calculated to offer them the financial sanction against their monthly income.
Cibil Score for Loan Approval?
Banks offer Loan Against Property based on your current property Valuation and your financial eligibility. In addition to this, Banks will also check your cibil score and it has to be more than 650. In case you don’t have any idea about your current cibil score, connect with us Our team is ready to help you.
What else you need to consider when looking for a Loan Against Property?
Loan Against Property term: Most people opt for a 25-year term when they take their first Loan Against Property out. However, you can go for a longer or shorter period of time. If you go for a longer-term, your repayments will be lower but it will take you longer to pay off your Loan Against Property & you will be paying more interest on Loan Against Property as compared to a shorter period. The shorter the term, the sooner you’ll be Loan Against Property free. So go for the shortest term if you can pay Loan Against Property EMI comfortably.
And when you opt for Loan Against Property Balance transfer, remember to reduce the term on the new Loan Against Property that you apply for. For example, if you transfer your existing Loan Against Property to another bank just to avail the lowest interest rate offer. You should keep your installment amount the same as current EMI, this will help you reduce your loan term and you will be saving the number of EMI and interest outgo.
Loan Against Property Part-Payment and Foreclosure Fees?
As of today, many Loan Against Property provides does not charge any part-payment and foreclosure fees on Loan Against Property running on floating rate of interest.
But, banks are allowed to charges part-payment and foreclosure charges on Loan Against Property running on a fixed rate of interest and Loan Against Property availed by any company or firm.
For example, if you have a Loan Against Property running on floating rate and you decide to pay off the entire outstanding amount of Rs. 34,50,000/-. Given this bank will not charge any pre-payment penalty but you will have to pay interest till realization of your payment. In other cases of fixed Loan Against Property interest, you will have to pay up to 2% of the outstanding amount i.e. Rs. 69000/-.
How to find the best deal?
Finding the right Loan Against Property to suit your needs can be a challenge, especially with so many different offers available.
This is where Loan Against Property DSA can help. Our Loan Against Property comparison service covers the entire market, and, once you’ve answered a few simple questions, it can help search a better product as per your requirement. Our team will do all the leg work for you and get you the best possible deals to meet your Loan Against Property requirement.
If you need independent advice, then we have got a very experienced Loan Against Property advisors who can talk you through the range of available options, and help you through the application process once you’ve decided on the best Loan Against Property for you.
Calculate Your Loan Eligibility?
We suggest you must get your Loan Against Property eligibility checked. You may also apply for a pre-approved loan before the property search. This will put you in a stronger position as a buyer. Bank will also assess the valuation of the property you choose, to ensure they feel the price agreed is in line with the market value.