| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | Chances of Loan Approval | |
|---|---|---|---|---|---|---|
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Aditya Birla Housing Finance Ltd.
|
10.50% | 1% | 2500 | 240 |
|
|
Bajaj Finance Limited
|
10.50% | 1% | 15000 | 240 |
|
|
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Capri Global Capital Limited
|
11.00% | 1% | 100 | 240 |
|
|
Edelweiss Finance
|
10.70% | 1% | 500 | 240 |
|
|
Indiabulls
|
10.80% | 1% | 750 | 240 |
|
|
LIC Housing Finance
|
10.75% | 1% | 1500 | 240 |
|
|
Magma Housing Finance Limited
|
10.90% | 1% | 500 | 240 |
|
|
Piramal Capital and Housing Finance
|
11.00% | 1% | 500 | 240 |
|
|
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Shriram Housing Finance Limited
|
10.60% | 1% | 500 | 240 |
|
|
Tata Housing Finance Limited
|
10.50% | 1% | 1000 | 240 |
|
|
Are you looking to buy property which don’t have a map due to the property is in Laldora location or its too old, don’t worry wherein bank & NBFC’s are providing loan for without map property also that too at lowest interest rates with multiple flexibility to repay the loan. Just you are required to ensure about the eligibility before proceeding further.
Home loan without map Eligibility CriteriaEligibility Criteria depends on several factors like repayment history, salary or business sales/turnover& Creditworthiness ...etc.
Note: - You can get 85% of property value as a maximum loan amount 1 Cr.
What are the factors generally affecting home loan without map Eligibility Criteria?There are top factors that generally affects without map property eligibility criteria as given below: -
Unstable financial behavior: - Lender evaluate your financial behavior by checking your financial history, if you were unable to make payments on time, your behavior marked as unstable which lower the chances of getting loan.
Incomplete Documentation: - Getting a loan from banks & NBFC’s require proper & complete document in terms of checking your originality & financial creditworthiness status, due to lack of incomplete document your loan application will be rejected.
What are the ways to increase home loan without map eligibility?To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.
Add a Co-applicant: -When your credit score is low, you can add your family earning member as a co-applicant which help to boost your eligibility strength.
Choose well maintained property: - Lenders will check the condition of property, a bad condition property will generally don’t have much market value wherein a well-maintained property has the high -potential of good market value. Therefore, choose well maintained property as it will also enhance the loan eligibility.
PHOTOGRAPHS 2
PAN CARD COPY
AADHAR CARD + PASSPORT
ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
PROCESSING FEE CHEQUE IN FAVOUR OF BANK
LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
PHOTOGRAPH BOTH
PAN CARD CLEAR COPY PROPRIETOR
ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
LAST 1 YEAR GST RETURN COPY
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
PROVISIONAL FINANCIAL AY 2019-20
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS WITH CHAIN SANCTION MAP
PARTNERSHIP DEED COPY
GST CERTIFICATE
GST RETURN LAST 1 YEARS
3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
PROVISIONAL FINANCIAL AY 2019-20
3 YEAR ALL PARTNER INDIVIDUALS ITR + COMPUTATION
FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
ALL PARTNER SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH MAP
ALL DIRECTORS PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
ADDRESS PROOF – COMPANY AND DIRECTORS
LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.
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There are several Government, Private & housing finance companies.
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Generally, there are 2 types of facility available one for separate house & another for floor or flat house.
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• KYC Documents
• Income Documents
• Bank Statements
• Property Documents
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You can get up to 7.5 Cr depending on property area & condition.
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No, in most cases for Home Loan Without Map bank will consider your credit score, above 750 refers to be good score.
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Yes, Home Loan Without Map facility allow customers to add their co-applicant to increase their eligibility.
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Any salaried or self-employed with stable incomes can able to apply for Property Without Map credit facility.
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Yes, still you have the opportunity to get loan as several lenders are offering Home Loan Without Map property.
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It vary from 8.50% - 11.00% per annum.
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Make sure you meet all the eligibility criteria before applying for loan to avoid loan rejection & effect on credit score.
CA Vikas Jain - Our Mentor
9863-02-02-02