What are the necessary document required for Loan Against Property Without Map?
- List of documents are below given:-
- Identity Proof
- Address Proof
- Property documents
- Latest 1 year bank statement
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
8%
|
1%
|
1500
|
180
|
|
|
9%
|
1%
|
1500
|
180
|
|
|
10%
|
1%
|
1500
|
180
|
|
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|
8%
|
1%
|
1500
|
180
|
|
|
9%
|
1%
|
1500
|
180
|
|
|
10%
|
1%
|
1500
|
180
|
|
|
8%
|
1%
|
1500
|
180
|
|
|
10%
|
1%
|
1500
|
180
|
|
|
8%
|
1%
|
1500
|
180
|
|
|
9%
|
1%
|
1500
|
180
|
|
|
10%
|
1%
|
1500
|
180
|
|
|
8%
|
1%
|
1500
|
180
|
|
.jpg)
|
9%
|
1%
|
1500
|
180
|
|
|
10%
|
1%
|
1500
|
180
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
8% |
|
|
|
9% |
|
|
|
10% |
|
|
|
8% |
|
|
|
9% |
|
|
|
10% |
|
|
|
8% |
|
|
|
10% |
|
|
|
8% |
|
|
|
9% |
|
|
|
10% |
|
|
|
8% |
|
|
|
9% |
|
|
|
10% |
|
Generally, without map one couldn’t get loan against property but now some lenders are providing loan for without map property at competitive rates with flexible tenure period.
Eligibility 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.
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.
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.
What are the necessary document required for Loan Against Property Without Map?
How to get a Loan Against Property at low Interest?
To get Loan Against Property at low Interest Rates you are required to compare offers from various lenders so that you can able to evaluate the offers & benefits which suits your requirement.
Are opting for Property Loan is good?
Opting for a Property Loan is the best way to fulfill your financial needs as it offers lowest Interest Rates.
What to consider while applying Loan Against Property Without Map?
Whether you have map for your property or not, but make sure you carry all the mandatory documents with you like agreement of sale.
Which bank provide Loan Against Property Without Map?
Many Government, Private & housing companies provides loan.
How much loan amount can I get on Property Without Map?
The loan amount is totally depend on property value, where lender do funding 60% - 85% of property value as a loan amount.
How to take Loan Against Property Without Map?
According to your need & requirements choose the lender to avail loan, contact them via visiting their official site by filling enquiry form or visit your nearest bank branch.
Can I get Loan Against Property Without Map?
If you have property without map still you have opportunity to get finance, many lenders are offering this type of credit facility at low Interest Rates.
What is the maximum tenure period for Property Without Map?
In general, most lenders offer period up to 30 years to repay the borrowed principal amount.
Want to get financial service? Advise by CA Vikas Jain
CA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
Read MoreCA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
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