You can use the fastest loan against property from Banking to fulfill all your financial obligations and also enjoy loan disbursement in 3 days*. As a self-employed borrower, you can use your loan for the following purposes:

• Business expansion
• Operation usage
• Debt reconciliation
• Purchasing raw materials
• Making new investments and personal use

As a salaried individual, you can use your loan for the following purposes:

• Mortgage buyout/balance transfer of an existing loan
• Consolidation of debt
• Managing wedding expenses
• New investments
• Financing education

The application calculates your eligibility for a loan against property by taking the following parameters into account:

• Age
• Income
• Property value
• Existing obligations, if any
• Stability or continuity of employment/business
• Past borrowing track record

Yes, your property needs to be insured for fire and other calamities during the term of your loan. You will have to provide proof of insurance to Banking/Housing Finance company every year or whenever required.

You need to ensure that the title to the property is clear, free of any litigation, and should not have an existing mortgage or loan.

Yes, you can. All the co-owners of the property will be considered co-applicants for the loan.

Your EMI consists of two parts: the principal amount you have borrowed and the interest charged on it. Three factors affect your EMIs: How much you borrowed Rate of interest applicable Loan tenure

An amortization schedule is a table that offers you a view of how your loan amount is repaid via monthly installments. It gives the break-up of every EMI (with its principal and interest component) towards the repayment of your loan.

The pricing increase happens only in the scenario of an increase in the cost of funds. A proactive repricing policy is being put in place as a proactive measure to ensure that there is no inordinate increase in your loan pricing against new acquisitions and that there is always parity for your loan

A property dossier is another industry-first, value-added service we offer to our mortgage customers. It is a customized report that guides you through all legal and technical aspects of owning a property simply and crisply. It also covers general property knowledge tips as well as all macro factors like the property index of the city, important property tips, and more.

The TAT for the issuance of a foreclosure statement is typically 12 working days