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Loan Against Property :
This is one of the easiest ways you can raise money i.e. by keeping your property (residential/commercial) as a guarantor for availing a loan. That means your own property helps you in getting a loan. Loan against property is a secured loan. This is because a property is been handed over to that bank by the borrower acting as a guarantee. LAP is very secure as per customers point of view. It adds credibility to the customer. Because of that bank or any financial institute will not question the customer/client repayment capability. Meha Finance makes LAP available at the affordable rates.
This is a secured loan so :-
Success Story of Loan Against Property Done
I am Dr Salim Mehta, Orthopedic Surgeon, Having a Mortgage loan from One NBFC with higher ROI. One of my friends has referred me to MEHA Finance. The Team of Meha finance is truly professional and helped me to do a balance transfer of my Mortgage loan at the best interest rate within a matter of a few days Plus they also help me to get top up at the same interest rate. The team is super knowledgeable and efficient while managing all documents and processing them, and they always ensure the best interest rates for my company. I highly recommend services of Meha Finance to all seeking to avail of any kind of financial loan or advice on the finance. Keep it up!
Eligibility Criteria & Eligible Entities
Nationality :
You need to be a Citizen of India with documents to prove your claim.
Occupation and Income :
Your lender will require you to furnish details regarding your occupation and income to prove your professional and financial stability to determine your creditworthiness.
Credit History :
Your three-digit Credit Score, indicative of your track record in respect of repayment of loans, and other forms of credit will be a deciding factor to prove your eligibility for a LAP.
Banking Relationship :
Should you have a healthy relationship with your lender, you will not be disapproved for a LAP. Additionally, your lender will offer you better terms and conditions in respect of loan value, interest rates, period of the loan, hidden charges, and processing fees.
Market Value of Property :
Your lender retains the right to decide the loan amount and terms and conditions of your mortgage loan based on the market value of your collateral property. Besides, the market value of the mortgaged property must be higher than the loan amount calculated on the current value of your property.
Title of Property :
Your lender will require you to be the current existent owner of the property, and in case of a co-application, you will require to prove multiple ownership clear title. Besides, the property must not be mortgaged with any other financial institution.
Get in touch with us for better services and help.
Documents Required to Apply for
Loan Against Property
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Proof of identity/residence
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Proof of income
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Property-related documents- Chain Agreement, Share Certificate, OC/ CC & Approved Plan
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Proof of Business (for self-employed)
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Account statement for the last 12 months
Require Assistance
Our Associates / Banks and NBFC’s Tie-up
