Loan Against Property

Loan Against property lets you unlock the full potential of your property, and use it to build a bigger life for yourself. Whether your property is residential, industrial or commercial, a loan against property will ensure maximum finance, taking care of your unique needs as either a salaried or self-employed individual. At My Loan Partner, we help to unlock the wealth in our client's real estate assets.

Your loan application is now a very simple process as never before and we will get your loan approved asap.

We have multiple options of financial institutions to provide various types of financial services to our esteemed customers at their doorsteps at competitive rates.

We are thus providing a list of documents which are required from your side to get your loan approved from the respective banks and financial institutions.

List of documents for Salaried persons
. Proof of Identity:- Passport/Driving Licence/Voters ID/PAN Card(any one).
. Proof of Residence:- Leave and License Agreement/Utility Bill(not more than 3 months old)/Passport(any one).
. Latest 3 months Bank Statement(where salary/income is credited).
. Salary slips for last 3 months.
. 2 Passport Size Photographs.

List of documents for Self-Employed
. KYC Documents:- Proof of Identity;Address proof;DOB proof.
. Proof of Residence:- Leave and License Agreement/Utility Bill(not more than 3 months old)/Passport(any one).
. Income proof(audited financials for the last two years).
. Latest 6 months Bank statement.
. Office address proof.
. Proof of residence or office ownership.
. Proof of continuity of business.

Property Power By Federal Bank

Features & Benefits

 

Key features

 

  • Quick loan processing
  • Longer repayment period-  up to 15 years
  • Lower Interest Rates & EMIs
  • Loan Amount up to Rs.5 Crore
  • Loan can be availed as overdraft as well as Term Loan
  • Minimal Paperwork
  • Surrogate Scheme for Self Employed Category available
  • Balance Transfer Programs with additional finance

 

Loan SME’s Against Commercial and Residential Properties – IDBI Bank Property Power

The Product aims to cater to the needs of MSME segment by way of providing loan against commercial and residential properties owned by them. The end use of the loan would be for various business related purposes or to take care of any financial requirements viz., retiring of high cost debt, balance transfer/ takeover or any other business exigencies.

Features of IDBI Bank’s ‘Property Power’ product are as below: 
 

Sr. No.

Field

Loan Against Property By State Bank of India

RENT PLUS

Rent Plus scheme provides loans against assignment of future rentals to the residential or commercial property owners to meet their liquidity mis-match.

Eligibility For Loan Against Property By State Bank of India

Owners of residential buildings and commercial properties which are to be rented or already rented to MNCs / Banks / large & medium size Corporate.

Loan Amount

Lowest of :

Loan Against Property By State Bank of India

LOAN AGAINST MORTGAGE OF IMMOVABLE PROPERTY

Eligibility For Loan Against Property By State Bank of India

Employees / Professionals & self-employed and others who are IT assesses / Agriculturists and others engaged in allied activities having urban property in his own name or in the name of third party if he/she agrees to guarantee the loan.

Purpose:

General Purpose Loan ( not be used for speculation on real estate and capital market)

Age: Individual should not be more than 60 years of age.

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