Turn Your Property into Funds with Our Mortgage Loan
Unlock the financial potential of your property with 24×7 Achha Hoga Advisory Mortgage Loan (Loan Against Property) service. Whether it’s for expanding your business, meeting personal financial needs, or funding a new venture, we offer flexible and attractive loan options that allow you to use your property as collateral without losing ownership.
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Building Trust and Reliability
Key Features of our Mortgage Property
Flexible & Easy Loan Eligibility Criteria
We offer loans with flexible eligibility criteria, making it easier for you to qualify.
Loan Amounts from ₹10 Lakh - ₹5 Cr
You can borrow anywhere from ₹10 lakh up to ₹5 crore, based on your needs.
Loans on Different Property Types
Get a loan by using your commercial, residential, or industrial property as security.
Both Personal & Business Needs
Whether it’s for personal expenses or to grow your business, we’ve got you covered.
Key Benefits of Mortgage Loan / Loan Against Property
Secured Loan
This loan is backed by the value of your property, which serves as collateral. This reduces the lender’s risk and often results in lower interest rates compared to unsecured loans.
Loan Amount
The amount you can borrow is based on the value of the property you provide as collateral. Typically, you can secure a higher loan amount than with personal loans or other unsecured loans.
Flexible Tenure
The repayment period for a Loan Against Property is generally longer than that of other loans, typically ranging from 5 to 30 years. This extended tenure results in lower monthly instalments.
Multipurpose
You can utilize the loan amount for a variety of purposes, providing you the flexibility to meet different financial needs without any limitations.
Boosts Credit Scores
Timely repayment of a Loan Against Property can enhance your credit score, reflecting your responsible borrowing habits.
The key requirements for home loan eligibility are as follows:
Nationality: You must be an Indian citizen and provide valid documentation to verify your nationality.
Credit History: Your credit score, a three-digit number representing your repayment history of loans and other credit, is a key factor in determining your eligibility for a Loan Against Property.
Banking Relationship: A strong relationship with your lender can improve your chances of approval and may result in better loan terms, such as higher loan amounts, lower interest rates, longer tenure, and reduced fees.
Market Value of Property: The loan amount and terms will be based on the current market value of the property used as collateral. The property’s value must exceed the loan amount being requested.
Title of Property: You must be the legal owner of the property. If there is a co-applicant, proof of shared ownership is required. The property should also be free from any existing mortgages with other financial institutions.
Mortgage Loan Documentation Requirements
Income Proof Documents
1. Salaried Individuals:
- Form 16
- Employee ID Card
- Last 3 Months’ Salary Slips
- Last 6 Months’ Bank Statements
- Proof of Employment Duration
2. Self-Employed Individuals:
- PAN Card
- Trade License (if applicable)
- Partnership Deed (for partnerships)
- Articles & Memorandum of Association (for companies)
- Import Export Code (if applicable)
- SEBI Registration Certificate (if applicable)
- ROC Registration Certificate
- CA-Audited Financial Statements
- Profit & Loss Account
- Balance Sheet
- Last 6 Months’ Bank Statements
- Professional Practice License (for doctors, consultants, etc.)
- Establishment Registration Certificate (for shops, factories, etc.)
- Proof of Business Address
3. Non-Resident Indian (NRI) Applicants:
- NRI Income Proof Documents
- Property Papers
- Sale Deed
- Stamped Agreement of Sale
- Allotment Letter
- No Objection Certificate (NOC) from Housing Society or Builder
- Possession Certificate
- Land Tax Receipt
- Construction Cost Estimate
- Bank Account Statements (for payments made to seller/builder)
- Payment Receipts (for payments made to seller/builder)
- Share Certificate (in case of resale property)
- Occupancy Certificate
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 0.75% to 3% of Loan Amount |
| Loan Cancellation | ₹5,000 to 5% of Loan Amount |
| Stamp Duty Charges | As per the Value of the Property and State Tax |
| Legal Fees | As per on-going fees |
| Penal Charges | Usually 1-2 % per month |
| EMI / Cheque Bounce | ₹499 to ₹599 per Cheque/EMI Bounce |
