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| Bank | Loan Amount Range | Interest Rate Range | Processing Fee Range | Tenure Range | Loan Features | |
|---|---|---|---|---|---|---|
What you'll love
DocumentsKYC Documents: • Loan Application • Passport sized Photographs (3) • Identity Proof - ( Photocopy of the Voter’s ID card / Passport / Driving License, Adhar Card / IT PAN Card ) • Residence Proof - ( Photocopy of the recent Telephone Bill /Electricity Bill / Property Tax receipt / Passport / Voter’s ID Card ) • Bank Statement /The Passbook - ( Last 6 months ) Fees & Charges
Eligibility Criteria
• Minimum net profit as per latest year ITR / financials of Rs. 150,000 • Minimum age at which this drop line overdraft loan can be sanctioned is 23 years and maximum age is 65 years. Perks
RBL Bank:- RBL Bank is one of India’s fastest growing private sector banks with an expanding presence across the country. The Bank offers specialized services under six business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Agribusiness Banking, Development Banking and Financial Inclusion, Treasury and Financial Markets Operations. It currently services over 3.15 million customers through a network of 246 branches and 388 ATMs spread across 20 Indian states and Union Territories. |
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What you'll love
Documents For Salaried Individuals: Fees & ChargesEligibility Criteria Salaried individuals : • The applicant should be above 24 years of age at the time of loan commencement and upto the age of superannuation Self-employed individuals : • The applicant should be above 24 years of age at the time of loan commencement and upto 65 years at the time of maturity Self Employed Professionals : • The applicant should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity . Perks
Axis Bank:- Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The bank has a large footprint of 3,304 domestic branches (including extension counters) and 14,163 ATMs across the country as on 31st March 2017. The overseas operations of the Bank are spread over nine international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Colombo and Shanghai; representative offices at Dhaka, Dubai, Abu Dhabi and an overseas subsidiary at London, UK. The international offices focus on corporate lending, trade finance, syndication, investment banking and liability businesses. Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The share holding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003. |
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What you'll love
DocumentsKYC Documents: • Loan Application • Passport sized Photographs (3) • Identity Proof - ( Photocopy of the Voter’s ID card / Passport / Driving License, Adhar Card / IT PAN Card ) • Residence Proof - ( Photocopy of the recent Telephone Bill /Electricity Bill / Property Tax receipt / Passport / Voter’s ID Card ) • Bank Statement ( last 3 months) /The Passbook - ( Last 6 months ) • Latest Salary Slip with Form 16 • Education Qualifications Certificate • Business Existence Fees & ChargesEligibility Criteria• Age group- A person whether salaried or self employed with a minimum age of 21 years can apply for LAP. • However, the maximum age for a salaried individual is set at 70 years and for self-employed at 70 years. Perks
ICICI Bank:- ICICI Bank is India's largest private sector bank with total consolidated assets of Rs. 9,860.43 billion (US$ 152.0 billion) at March 31, 2017 and profit after tax of Rs. 98.01 billion (US$ 1.5 billion) for the year ended March 31, 2017. ICICI Bank currently has a network of 4,850 Branches and 13,917 ATM's across India. History ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. |
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What you'll love
DocumentsKYC Documents: • Loan Application • Passport sized Photographs (3) • Identity Proof - ( Photocopy of the Voter’s ID card / Passport / Driving License, Adhar Card / IT PAN Card ) • Residence Proof - ( Photocopy of the recent Telephone Bill /Electricity Bill / Property Tax receipt / Passport / Voter’s ID Card ) • Bank Statement /The Passbook - ( Last 6 months ) Fees & ChargesEligibility CriteriaAn individual who is; An Employee or • Professional, self-employed or an income tax assesses or NRIs (Who has residential property or commercial properties in his own name or in the name of spouse / children/parent/sibling) • Minimum net monthly income of Rs. 25000/- (or Rs. 3 lacs per annum) • Loan under LAP should be liquidated before eldest borrower attain the age of 70 years. Perks
State Bank Of India:- State Bank of India welcomes you to explore the world of premier bank in India. In this section, you can access detailed information on Overview of the Bank, Technology Upgradation in the Bank, Board of Directors, Financial Results and Shareholder Info. The Bank is actively involved since 1973 in non-profit activity called Community Services Banking. All our branches and administrative offices throughout the country sponsor and participate in large number of welfare activities and social causes. Our business is more than banking because we touch the lives of people anywhere in many ways. Our commitment to nation-building is complete & comprehensive |
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What you'll love
Documents
KYC Documents: For Salaried Individuals: For Self Employed Individuals( Professional ): Fees & Charges
Eligibility CriteriaFollowing salaried individual are eligible for a loan against property: Individuals employed in a Multi-National Company, Public Limited Company, large Private Limited Company, State Government, Central Government or PSUs can apply for the loan from Tata Capital • The minimum age at the time of loan application should be 25 years and the maximum age at the time of maturity of the loan should not be more than 60 years For Self-employed Professionals: For self-employed Non-Professionals: Others: Perks
TATA Capital:- Tata Capital Ltd., a subsidiary of the legendary Tata Sons Limited established in 2007 with the sole aim of providing focused and transparent financial solutions to help people realize their dreams. The interest brought forth Tata Capital Financial Services Limited, a one-stop monetary specialist co-op that takes into account the assorted needs of retail, corporate and institutional clients crosswise over organizations. Enrolled with the Reserve Bank of India as a Systemically Important Non Deposit Accepting Non Banking Financial Company (NBFC), the organization works crosswise over different ranges of business to be specific the Commercial Finance, Infrastructure Finance, Wealth Management, Consumer Loans and dispersion and promoting of Tata Cards. Today, Tata Capital Financial Services Limited is 100 branches old and tallying. |
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What you'll love
DocumentsKYC Documents: • Loan Application • Passport sized Photographs (3) • Identity Proof - ( Photocopy of the Voter’s ID card / Passport / Driving License, Adhar Card / IT PAN Card ) • Residence Proof - ( Photocopy of the recent Telephone Bill /Electricity Bill / Property Tax receipt / Passport / Voter’s ID Card ) • Bank Statement /The Passbook - ( Last 6 months ) For Salaried Individuals: • Proof of Income : (a) Salary slip - (Latest 3 month) (b) Form-16 -( Last 2 year) (c) Bank Statement - ( Last 6 months ) For Self Employed Individuals( Professional ): • Proof of Income : (a) Bank Statement - ( Last 12 months ) (b) Balance sheet - (Last 3 years) (c) IT- Returns - (Last 3 years) (d) Profit /Loss Statement -(Last 3 years) • Education Qualifications Certificate • Business Existence For Self Employed Individuals( Non-Professional /Businessman): • Proof of Income : (a) Bank Statement - ( Last12months ) (b) Balance sheet - (Last 3 years) (c) IT- Returns - (Last 3 years) (d) IT- Returns - (Last 3 years) of profession (e) Profit/Loss Statement -(Last 3 years) • Business proof such as VAT/ service tax registration, incorporation details in case of companies, copy of partnership deed . • Education Qualifications Certificate Property documents • Registered Sale Deed/ Conveyance/ Lease Deed • Past Sale Deeds Chain (each transaction in respect of this property since first allotment • Latest House Tax Return/ Receipt • Approved Building Plan from Municipal Corporation • Business Existence • Business profile Fees & Charges
Eligibility CriteriaSalaried: • Minimum Income – Rs.3 Lacs Per Annum. • Minimum Age – 23 Years, if income of the applicant / co-applicant is considered, 21 years & if income of the applicant / co-applicant is not considered • Maximum Age - 60 Years, if income of the applicant / co-applicant is considered & 70 years, if income of the applicant / co-applicant is not considered • Experience – 6 months in current employment, 3 years in total employment Self Employed • Minimum Income – Cash Profit of Rs.4 Lacs Per Annum • Minimum Turnover – Rs. 15 Lacs per annum for service providers / commission income, Rs.10 Lakhs per annum for doctors, Rs.60 Lacs for non service providers • Minimum Age – 23 Years, if income of the applicant / co-applicant is considered & 21 years, if income of the applicant / co-applicant is not considered • Maximum Age - 65 Years, if income of the applicant / co-applicant is considered & 70 years, if income of the applicant / co-applicant is not considered • No of years in business / profession – minimum 3 years Perks
Yes Bank:- YES BANK has been recognized amongst the Top and Fastest Growing Banks in various Indian Banking League Tables by prestigious media houses and Global Advisory Firms, and has received several national and international honours for our various Businesses including Corporate Investment Banking, Treasury, Transaction Banking, and Sustainable practices through Responsible Banking. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “Building the Finest Quality Bank of the World in India” by 2020. |
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One of the best and easiest ways to raise heavy loan is by mortgaging your own property with a bank. The loan provided is on easy terms, low rate of interest, fast sanction, speedy processing, and minimum documentation. Moreover, the repayment tenure is also acceptable to the borrower.
We at Antworks Money assist you in finding the top LAP offers, compare LAP offers and avail the benefit of the best loan against property offer in the market. We also support in raising the required fund by the means of LAP.
We have made loan application for LAP hassle free and speedy for our valued clients. Visit Antworks Money today to apply for loan against home 24x7.
Today, there are a number of the private and nationalized banks ready to render loan against property to clients looking for such funds. It is a hassle-free medium to arrange fund in emergencies to meet your various needs.
The important thing is saving your hard earned money on the payable interest. The financial organisations are engaged in providing attractive offers to increase their number of customer availing loan against property from them.
Today, in the growing competition amidst banks, a customer can easily visit Antworks Money to take the unlimited advantage of loan against property offers and enjoy maximum saving.
It is necessary to fulfil the minimum required eligibility criteria of a bank in order to avail the required loan amount against your residential property or commercial property available at any location in the country.
Before you go ahead with the document processing, it is better to check your loan against property eligibility which is made available for you at your own secured company Antworks Money.
Loan against property (LAP) refers to a loan which is availed by keeping your commercial or residential property as collateral. Loan against property is also known as secured loan. The property owned by the person applying for the loan acts as the security. The potential loan sanctioned depends on the value of the property.
LAP can apply to either commercial property, or residential property, i.e. loan against home.
LAP can be availed on the following:
Here are the main advantages of going for LAP:
In order to avail a LAP offer, you need to first make sure that you are eligible for it. Here are the factors that determine your loan against property eligibility.
Your loan against property eligibility can be calculated using a loan against property eligibility calculator. The calculator will help you know you eligibility in various cities. While determining loan against property, banks factors taken into consideration by banks include property value, repayment capacity, total assets and liabilities, age of the applicant and his/her qualifications, number of dependants, spouse’s income, and legal and technical aspect of your property.
Based on your eligibility, bank will decide how much amount will be granted for you to receive as loan against property. When you are going for this, it is important to choose the right offer loan against the mortgage.
Some of the best offers you can find via Antworks Money include the following:
Those are some of the available loan against property offers along with the loan against property interest rates to choose. Please note that the described details about offers here are subject to change without any prior notice to users by respective banks. Hence, it is advised to check the latest offers at the time of making application for LAP.
It is relatively common to take residential loans nowadays. However, some people also need to take a loan for an office space, for an outlet, etc. For this, a commercial property loan has to be taken.
This is provided by some banks. However, there are a few differences between taking a commercial and a residential property loan you may need to know before you select a mortgage loan offer. You can get a commercial property loan for either an office space or for an outlet.
These two categories can be further categorized into two, namely ready to occupy and under construction. A majority of the lenders hesitate to lend for the commercial properties. This is because most of the people who apply for a commercial property loan are investors.
The lenders are happier to lend a commercial property loan to the individuals who want this loan for their own business, and this also is applicable for an under construction property.
Here are few of the common differences between commercial and residential property loans.
Antworks Money has the prestige of being one of India’s fastest growing online financial services portals. We offer online users wide range of Secured and Unsecured loan options, P2P loans, free credit scores, and credit counselling services.
The company is working on the mission of building India’s Most Trusted Online Financial Services Company. It is similar to a Digital bank wherein customers can get most of services provided by a Bank in a convenient manner.
A large portion of the Indian population don’t get their credit requirements fulfilled through formal lending channels like Banks and NBFCs due to factors like complex manual credit appraisal system, information asymmetry and limited access, lack of trust, high operating costs, etc.
Sensing the dire need of technology to fill this gap and bring efficiency, trust and transparency in the lending industry, Antworks Money had been founded by Rajeev Mahajan and Subhayu Ghose. It also acts as an online market place that facilitates loans to consumers and businesses and offer lenders an opportunity to finance the loans.
Our goal is to democratize the banking and consumer finance industry to make it more transparent, easily accessible, consumer focused, and cost efficient.
Our aim is to to provide a credible alternative to traditional way of financing in India with an online market place that uses technology and a more efficient funding process to lower operational costs and deliver a better experience to both borrowers and lenders.
Now meet your financial need of any kind by Mortgage Loan Offers made available by the various banks.
To learn more about it and to find the lowest loan against property interest rates, visit Our Blog today!
